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Is GST registration required if I am a small wholesaler with an annual turnover of less than 20 lakhs? Is filing a return required for wholesalers under the GST?

Annual Turnover

Annual Turnover

 

If you are a small wholesaler with an Annual Turnover of less than INR 20 lakhs, you are not required to register for GST. However, if you sell goods across state lines, then GST registration is mandatory, regardless of your turnover.

For more information visit this site: https://www.mca.gov.in

As for filing returns, even if you are a small wholesaler, if you are registered under GST, you are required to file returns. The frequency of return filing depends on your annual turn-over.

If your annual turn-over is less than INR 1.5 crore, you can opt to file quarterly returns, and if your turn-over is more than INR 1.5 crore, you must file monthly returns. Failure to file returns can result in penalties and legal consequences.

It is important to note that GST registration and return filing requirements are subject to change, and it is advisable to keep up to date with any updates or changes made by the GST authorities.

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