What is the turnover limit for filing monthly GST return?

What is the GST turnover threshold limit?

If you have exceeded the threshold you must register for GST. You reach the GST turnover threshold if either: your current GST turnover – your turnover for the current month and the previous 11 months – totals $75,000 or more ($150,000 or more for non-profit organisations)

What is the restriction of filing GST return?

The Finance Act, 2023, introduced a critical amendment establishing a hard deadline for filing delayed GST returns. According to this new provision, taxpayers are permanently barred from filing any GST return after three years from its original due date.

Who is mandatory for GST annual return?

Yes, every GST-registered taxpayer whose annual turnover is more than Rs.2 crore must file GSTR-9 annually. It is optional for the rest of the taxpayers. Is GSTR 9 mandatory for less than Rs.2 crore? No, the department made GSTR-9 optional for businesses with less than Rs.2 crore to ease the compliance burden.

Do I need GST if my turnover is below 20 lakhs?

Currently, the GST Exemption Limit is set at Rs. 40 lakhs for goods and Rs. 20 lakhs for services. Businesses with annual revenues below these limits are not mandated to register for GST; however, they may opt to do so voluntarily.

How to check monthly turnover in GST portal?

Under the 'Returns' section, look for GSTR-3B. Click on the relevant return period to view the details. In the GSTR-3B form, under '3.1 Details of Outward Supplies', you can see the taxable turnover, exempt turnover, and non-GST turnover. Add these figures to calculate your total turnover for the period.

How to know threshold limit?

Annual and Monthly Threshold Limits Explained

1. Salary (Section 192): TDS applies if total income exceeds the basic exemption limit (₹2.5 lakh for individuals below 60).
2. Interest on Deposits (Section 194A): Threshold is ₹40,000 per financial year (₹50,000 for senior citizens).

Is GST turnover over $75000 or more?

GST turnover is your business income (excluding certain sales), not your profit. Say you run an online clothing store. If you sell $80,000 worth of clothes in a year, you'd have to register for GST. This is because your GST turnover is over the $75,000 threshold – even if you only make $40,000 in profit.

What is the threshold limit for GST 2025?

GST Registration Threshold Limits (As of 2025)

₹40 lakhs: This is the threshold for GST registration in most Indian states. ₹20 lakhs: For special category states like Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Sikkim, Tripura, Nagaland, and Uttarakhand.

What is the minimum turnover required for GST?

In India, businesses with annual turnover over Rs. 40 lakhs (Rs. 20 lakhs in special category states) must register for GST.

What is the threshold for monthly GST filing?

Monthly: if your sales are (or likely to be) over $24 million in any 12-month period, you must file GST returns on a monthly basis. Two-monthly: this is the most common option for small to medium-sized businesses. Six-monthly: if your sales in a 12-month period are (and are likely to be) less than $500,000.

Who needs to file GST returns?

Under the GST Act, any individual or entity supplying goods or services with an annual turnover exceeding the threshold must file GST returns. This includes businesses, traders, manufacturers, service providers, and e-commerce operators. Entities registered under the GST composition scheme also need to file returns.

How much turnover is allowed without GST?

GST Registration Threshold for Goods Suppliers

10/2019, any business engaged exclusively in the supply of goods must register for GST if the annual turnover exceeds ₹40 lakhs. To qualify for the ₹40 lakh limit, the following conditions must be met: The supplier must not provide any services.

Do I have to pay GST every month?

If your business has an annual turnover of less than Rs. 20 lakhs (or Rs. 10 lakhs for businesses in certain states), you're not required to register for GST or pay GST every month. However, if your turnover exceeds this threshold, you'll need to register for GST and pay GST every month.

Who can opt for monthly GST return?

Monthly returns are mandatory for businesses with an annual turnover exceeding Rs. 5 crores, whereas businesses with turnovers up to Rs. 5 crores can opt for the quarterly return scheme. This is a significant factor when analysing the difference between monthly and quarterly GST returns.

Who has to file a GST return?

All persons carrying on a business in Canada are required to register for and collect/remit GST/HST unless they are deemed to be small suppliers.

What is the threshold limit for GST annual return?

GST Annual Return is to be filed by the registered taxpayer whose turnover for the year exceeds Rs. 2 crores. GSTR 9 is basically a compilation of GSTR 1, GSTR 3B, GSTR 2A and purchase data for the respective financial year.

How to file GST monthly return?

The taxpayer is required to log in to the GST portal with their user credentials, navigate to the 'Returns Dashboard', select the relevant tax period and return form, and then fill in all the relevant details before proceeding to file the return form.

When to file GST for small business?

If your GST frequency is annual, your GST returns are due within three months after the end of the fiscal year. For GST collected in the financial year ending December 31, your GST payment is due by April 30. However, you can file your GST returns by June 15 of the following year.

What is the new GST rule in India?

Starting September 22, 2025, GST in India will be simplified to primarily two rates: 5% and 18%, with a special 40% rate on luxury and sin goods like tobacco and high-end vehicles. Many essentials, including certain medicines and foods, are now zero-rated, while several items see reduced rates.