Who needs to register for GST?
Any business or individual involved in the supply of goods or services with an aggregate turnover exceeding the prescribed threshold limit is required to register for GST.
GSTWhat are the consequences of non-compliance with GST regulations?
Non-compliance with GST regulations may result in penalties and fines. It is crucial to adhere to the filing deadlines and comply with the GST provisions to avoid legal consequences.
GSTCan I voluntarily cancel my GST registration?
Yes, businesses can apply for voluntary cancellation of GST registration if they cease to carry on the taxable activity or if their turnover falls below the threshold limit.
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