GST registration for traders

Taxation
1

Does the GST rules mandate traders to have GST registration if turnover crosses a particular threshold or so?

2

Gud question. Even i was eager to know.

3

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

1 Like
4

such as?
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

5

Thanks for the clarification

6

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?