who needs to registered under GST?
Answers
Who must maintain accounts under GST? Every registered person whose turnover during a financial year exceeds the prescribed limit (2 crore) will get his accounts audited by a chartered accountant or a cost accountant.
Answer:
Every supplier shall be liable where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds 20 lakh rupees.
Provided that where such person makes taxable supplies of goods or services or both from any of the special category States - The Limit here is 10 Lakhs
(Also kindy refer/ search for Section 22 of CGST Act
and Section 24 - Compulsory registration in certain cases )
Explanation:
Compulsory registration in certain cases
1. Persons making any inter-State taxable supply
2. Casual taxable persons (CTP) making taxable supply
3. Persons who are required to pay tax under reverse charge.
4. Non-resident taxable persons (NRTP) making taxable supply.
5. E-commerce