As per section 24 of the CGST Act, it is mandatory for certain persons to take registration under GST whether their aggregate turnover is less than the specified exemption limit. Non-compliance with compulsory GST registration criteria may result in heavy penalties. Visit Tax Gyata for more details.
GST registration | Compulsory registration under GST
As per section 24 of the CGST Act, it is mandatory for certain persons to take registration under GST whether their aggregate turnover is less than the specified exemption limit. Non-compliance with compulsory GST registration criteria may result in heavy penalties.
Under the reverse charge mechanism (RCM), the recipient of goods or services is liable to pay tax and all provisions of GST law shall applicable to him as he is a person who liable to pay tax. It is compulsory to get registered under GST provisions for a person, who is liable to pay tax under the reverse charge mechanism (RCM).
