Voluntary Registration

Last updated at Dec. 16, 2024 by

Some times GST Turnover is less than 20 lacs and 40 lacs, still Registration taken
This is called Voluntary Registration
 
Normally Voluntary Registration is take in following cases

 

VOLUNTARY REGISTRATION

Turnover less than 20 lacs/40 lacs

but still Registration taken

Why?

Want to sell online through Flipkart/Amazon (For Interstate Sales, Registration Compulsory)

Want to Take Credit/ITC (ITC Available only to Registered)

Want to deal with Big Companies (They only deal with Vendors who have GST No)

Build Business Reputation (Want to show to client that they have big business)

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VOLUNTARY REGISTRATION Turnover less than 20 lacs/40 lacs but still Registration taken Why? Want to Sell Online through Flipkart/Amazon (For Interstate Sales, Registration Compulsory) Want to Take Credit /ITC ( ITC Available only to Registered) Want to Deal with Big Companies (They only deal with Vendors who have GST no) Build Business Reputation (Want to show to Client that they are big business)

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.