Podcast Beta
Questions and Answers
What is the consequence of an organization carrying on business without registering under GST?
For businesses under GST, at what turnover threshold is GST registration mandatory?
How long does GST registration usually take?
What is the consequence for businesses that carry on business without registering under GST?
Signup and view all the answers
In how many working days can GST registration usually be completed?
Signup and view all the answers
When is registration under GST considered mandatory for businesses?
Signup and view all the answers
Study Notes
GST Registration Consequences
- Failing to register under GST can have consequences for businesses.
- Businesses that carry on business without registering under GST will face consequences.
GST Registration Threshold
- GST registration is mandatory for businesses with a turnover threshold of ₹40 lakhs for goods and ₹20 lakhs for services.
GST Registration Timeline
- GST registration usually takes around 3-5 working days to complete.
- GST registration can usually be completed in 3-5 working days.
Mandatory GST Registration
- Registration under GST is considered mandatory for businesses with a specified turnover threshold.
- Businesses crossing the turnover threshold must register under GST.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on Goods and Services Tax (GST) registration process. Learn about the thresholds for registration, penalties for non-compliance, and the timeframe for completing the registration process.
