Does the GST rules mandate traders to have GST registration if turnover crosses a particular threshold or so?
Gud question. Even i was eager to know.
If you have only exempt turnover , then no need to register for GST. Salary , Residential house rent , share trading in all these there is no GST. If along with trading you do taxable turnover like trading in goods which are taxable , providing services which are taxable … then you need to register
and cmon @nithin remove this 15 character limit, I had to write only above question but due to this minimum word limit I’m writing this long sentence and tagging you here and I’ll do it every time
Thanks for the clarification
Suppose my turnover from F&O trading is 10 lakh and my turnover from Other professional services like consulting is Rs 15 lakh. Am I required to take GST registration as sum total of turnover is more than 20 lakh?