What is the threshold limit for GST registration for service providers in India?

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Question: What is the threshold limit for GST registration for service providers in India?

Options:

Correct Answer: Rs. 20 lakhs

Solution:

The threshold limit for GST registration for service providers is Rs. 20 lakhs.

What is the threshold limit for GST registration for service providers in India?

What is the threshold limit for GST registration for service providers in India?

Step 1: Understand what GST is. GST stands for Goods and Services Tax, which is a tax on the supply of goods and services in India.
Step 2: Know that businesses need to register for GST if their earnings exceed a certain amount.
Step 3: Identify the threshold limit for service providers. For service providers in India, this limit is Rs. 20 lakhs.
Step 4: Remember that if a service provider's total earnings are below Rs. 20 lakhs, they do not need to register for GST.

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