GST Registration in India: A Complete Guide to Sections 22 & 24
GST Registration in India: A Complete Guide to Sections 22 & 24 Understanding when GST registration becomes mandatory is crucial for every business owner in India. While many believe registration is only required after crossing the ₹40 lakh turnover threshold, the reality is more nuanced. Let's break down the registration requirements under the GST Act. Section 22: Turnover-Based Registration Section 22 of the GST Act outlines the basic threshold limits for mandatory registration based on your business turnover. The Legal Provision Section 22(1) states: "Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees: Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable ...