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Under GST, what is the threshold limit for registration for service providers?
Under GST, what is the threshold limit for registration for service providers?
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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
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The threshold limit for registration for service providers under GST is Rs. 20 lakhs.
Questions & Step-by-step Solutions
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Q: Under GST, what is the threshold limit for registration for service providers?
Solution:
The threshold limit for registration for service providers under GST is Rs. 20 lakhs.
Steps: 5
Show Steps
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.
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