Who is eligible for GST certificate?
Eligibility for a GST (Goods and Services Tax) certificate in India is primarily determined by the type and scale of the business. Here’s who is required to register for GST and obtain a GST certificate:
- Businesses with Annual Turnover Above the Threshold:
- Businesses involved in the supply of goods must register if their annual turnover exceeds ₹40 lakhs (₹20 lakhs in some special category states).
- Service providers must register if their annual turnover exceeds ₹20 lakhs (₹10 lakhs in special category states).
- Interstate Supply:
- Any business involved in the supply of goods or services across state borders must register for GST, regardless of turnover.
- E-commerce Operators:
- Online platforms that facilitate the sale of goods or services must register for GST.
- Casual Taxable Persons:
- Individuals or businesses that occasionally supply goods or services in a location where they don’t have a fixed place of business must register for GST.
- Voluntary Registration:
- Businesses can voluntarily register for GST even if their turnover is below the threshold to avail of input tax credit and other benefits.
- Non-Resident Taxable Persons:
- Individuals or businesses based outside India but supplying goods or services within India must register for GST.
- Agents of a Supplier:
- Any person acting as an agent for a supplier must also register for GST.
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