Tag Archives: #GSTForSmallBusinessOwners

Is GST registration mandatory for MSME?

GST registration mandatory for MSME

Is GST registration mandatory for MSME GST registration mandatory for (MSME)Micro, Small, and Medium Enterprises (MSMEs) if their aggregate turnover exceeds Rs. 40 lakhs (for goods suppliers) or Rs. 20 lakhs (for service providers). However, in some states, the threshold limit for GST registration for goods suppliers has been increased to Rs. 75 lakhs. To… Read More »

How do street vendors in India pay tax or register under tax laws?

Street Vendors In India

Street Vendors In India   Street Vendors In India, To register for taxes as a street vendor in India, the following steps should be followed: Obtain the necessary licenses: Street vendors must acquire licenses from the relevant local authorities, such as municipal corporations or local bodies, to conduct their business operations. They might also need… Read More »