XYZ's turnover for supply of goods is ₹ 5 Lakh and supply of service is ₹ 18 Lakhs. Is he required to obtain GST Registration?
Threshold Limit
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GST registration threshold determines obligation; aggregate turnover including goods and services triggers mandatory registration when exceeded.
Registration for GST is determined by aggregate turnover including both goods and services; only suppliers exclusively of goods may benefit from a government-notified higher threshold. If combined turnover exceeds the statutory threshold, GST registration is required. (AI Summary)
Registration for GST is determined by aggregate turnover including both goods and services; only suppliers exclusively of goods may benefit from a government-notified higher threshold. If combined turnover exceeds the statutory threshold, GST registration is required. (AI Summary)
TaxTMI 