GST Registration Limit: Minimum Turnover Limit for GST Updated on: 03 Feb, 2025 07:25 PM GST, or Goods and Services Tax, was implemented in India in 2017 as a unified indirect tax system to bring about transparency, simplicity, and uniformity in the Indian taxation system. GST replaced various indirect taxes like service tax, VAT, excise, octroi, etc. The GST rates on different products are set by the GST council, which consists of the Finance ministers of each state. Entities crossing the minimum turnover threshold have to register themselves under GST and file a GST return. The turnover threshold limit varies for different types of businesses and different states. This article will help you understand the GST registration limit for all businesses, the new and the old threshold limits, how to calculate turnover, etc. Contents What is the Minimum Turnover Limit for GST Registration? Classification of States for the Applicability of New GST Turnover Limits Who are Compulsorily Req...
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GOODS AND SERVICE TAX