GST REGISTRATION

[Abuthahir Aboobakar]

A Person resident of Kerala who provides services of ₹ 12,00,000/- & Supply of Exempt Goods of ₹ 15,00,000/- in FY 2019-20. So as per the new GST threshold Limit should he require to get a GST registration number?

[KASTURI SETHI]

For registration purpose, aggregate turnover is ₹ 20 lakhs. See Section 22 (1) of CGST Act.

SECTION 22. Persons liable for registration. - (1) Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees :

Registration is required within 30 days from the date of crossing aggregate turnover of ₹ 20 lakhs. Also see Section 25(1) of CGST Act.

[Ganeshan Kalyani]

I agree with the views of Sri Kasturi Sir.

Also one should visit Sec.24 of CGST Act.

[DR.MARIAPPAN GOVINDARAJAN]

Since the total turnover (₹ 27 lakhs) exceeds ₹ 20 lakhs (the threshold limit for registration) it is liable for registration.

AI Summary

GST registration threshold breach: aggregate turnover requires registration within prescribed period under CGST registration provisions. A supplier who provided taxable services and exempt goods in the fiscal year has an aggregate turnover that exceeds the GST registration threshold; therefore the supplier is required to obtain GST registration and must do so within the prescribed period from the date the threshold is crossed, under the statutory provisions governing liability to register and timing of registration.