Is GST compulsory for all work?
Goods and Services Tax (GST) is a value-added tax that has replaced multiple indirect taxes in India. It is crucial for businesses, freelancers, and service providers to understand whether GST registration is mandatory for their work. In this blog, we will explore who needs to register for GST and the exceptions to the rule. GST Service Provider In Noida Who is required to register for GST? Businesses with an Annual Turnover Exceeding the Threshold Limit: For businesses engaged in the supply of goods, GST registration is mandatory if their annual turnover exceeds ₹40 lakh (₹20 lakh for special category states). For service providers, the threshold is ₹20 lakh (₹10 lakh for special category states). Interstate Business Transactions: If a business supplies goods or services across state borders, GST registration is mandatory, regardless of turnover. E-commerce Sellers: Businesses selling goods or services through e-commerce platforms like Amazon, Flipkart, o...