Question

VLEs can deregister for GST number if the turnover is less than 10 lakhs as the notification from Government of India that they are not required to register under GST. VLEs can deregister for GST number if the turnover is less than 10 lakhs as the notification from Government of India that they are not required to register under GST.

Answer 1

GST stands for goods and service tax which should be collected during the sale of the goods and services of the company which have been registered under the GST Act.

The minimum requirement to register yourself under the GST Act is to have turn over more than ten lac. If the turn over of the VLEs is less than ten lac, it does not have to register itself under the GST Act and does not have to include the GST on the sale of the goods and the services.

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