What is the GST registration threshold for my small business in Amritsar?
RE Asked by Reshma Pillai from India
Quick Answer
GST registration is mandatory under the CGST/SGST Act, 2017 when aggregate turnover exceeds ₹40 lakh for goods (₹20 lakh for services) for normal-category states, with a special threshold of ₹10 lakh for special-category states.
Detailed Legal Analysis
GST registration is mandatory under the CGST/SGST Act, 2017 when aggregate turnover exceeds ₹40 lakh for goods (₹20 lakh for services) for normal-category states, with a special threshold of ₹10 lakh for special-category states. Voluntary registration is also permitted and enables you to claim input tax credit on purchases in Amritsar.
Disputes and appeals are decided by the Appellate Authority and may reach the Punjab and Haryana High Court under Article 226 or 227. Local business premises must additionally comply with Punjab Rent Control Act 1995 governing the Punjab Shops and Establishments Act for trade licensing.
Composition scheme under Section 10 is available for small dealers with turnover up to ₹1.5 crore. File GSTR returns timely to avoid penalties and cancellation.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.