Question: Under GST, what is the threshold limit for registration for service providers?
Options:
Rs. 20 lakhs
Rs. 10 lakhs
Rs. 15 lakhs
Rs. 25 lakhs
Correct Answer: Rs. 20 lakhs
Solution:
The threshold limit for registration for service providers under GST is Rs. 20 lakhs.
Under GST, what is the threshold limit for registration for service providers?
Practice Questions
Q1
Under GST, what is the threshold limit for registration for service providers?
Rs. 20 lakhs
Rs. 10 lakhs
Rs. 15 lakhs
Rs. 25 lakhs
Questions & Step-by-Step Solutions
Under GST, what is the threshold limit for registration for service providers?
Step 1: Understand that GST stands for Goods and Services Tax.
Step 2: Know that service providers are businesses that offer services to customers.
Step 3: Learn that under GST, businesses need to register if their earnings exceed a certain amount.
Step 4: Identify the threshold limit for service providers, which is Rs. 20 lakhs.
Step 5: Conclude that if a service provider's earnings are Rs. 20 lakhs or less, they do not need to register for GST.
GST Registration Threshold – The minimum turnover limit for service providers to be required to register under the Goods and Services Tax (GST) regime.
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