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GST Registration

Roy Royroy roy Staff asked 10 months ago

hi Team
 
we are running a retail pharmacy in chennai which is having a annual turnover of 3lakhs .Please confirm if it required to register under GST ,as clause say annual turnover of 20lakhs has to be registered.Please clarify as soon as possible
thank you

1 Answers
Best Answer
Hardik ShrivastavaHardik Shrivastava Staff answered 10 months ago

sir with reference to section 24 of the CGST ACT, the following catagory of persons require a compulsory registration:

  1. persons making an inter-state taxable supply
  2. casual taxable persons making a taxable supply
  3. persons who are required to pay tax under reverse charge machanism
  4. persons who are required to deduct tax at source
  5. persons who make supply on behalf of somebody else as an agent

if you do not fall under any of the above mentioned catagories, then there is no complusory registration as your turnover is less than the limit of Rs. 20 lacs.
I hope that your query is answered. if not please ask the further questions
thank you