GST Registration is mandatory if turnover > 20 lacs
However ,it is compulsory if person wants to do certain types of sales
If a person has turnover less than 20 lacs,then also he can take Registration
Benefits for Taking GST Registration
i He can make Interstate Sales (For Interstate Sales,20 lacs limit is not applicable)
2. He can charge GST on his Invoice and hence show to his customer that he is a reputed big business
3 For taking Certain Governemnt Contracts,having GST Number is Compulsory
4 He can register online with E Commerce Companies like Flipkart,Amazaon etc and can do online Sales.
Benefits for Not Taking GST Registration
1. No Monthly Returns to be filed (A GST Registered Dealer has to file 3 Monthly Returns+1 Annual Return)
2. No need to hire Accountant/CA to do Day to Day Accounting and maintain Detailed Records
3.GST not to be charged on Bill,hence goods are cheaper to end customer
