Even the right decision is wrong when it is made too late, don’t you think? Is there anything holding you back? Get your GST registration done before it is too late and you are penalized. Scroll down to get our premium GST registration offers in Manipur!
In addition to its borders with Nagaland, Mizoram, and Assam, Manipur is also bordered by Myanmar in the east. In terms of the number of looms in India, Manipur ranks among the top 5 states in terms of handloom production. The major industry in Manipur is the interstate supply of handloom goods. Before starting a business or making an interstate supply of goods or services, you must GST Registration in Manipur.
As part of the GST, Manipur has been assigned special status. For Manipur, the threshold limit is Rs. 10 lakhs for aggregate turnover.
If you are registering for GST for the first time, the process can be cumbersome. You have to deal with numerous details and go through a lengthy process, which often leads to you seeking professional assistance. With one of the best GST Registration Consultants in India, you can get your business registered under GST in Manipur. Complying with GST regulations before and after GST registration is our specialty.
Threshold limit for GST Registration
GST was launched on 1st July 2017 with certain rules and regulations, and many changes have been made since then. People are still confused about the threshold limit for registration under the Act due to the large number of amendments to the Act.
Maintaining high compliance in the business will lead to a quick credit of refund claims in the GST ecosystem. This article explains the GST registration requirements. Throughout the supply chain, GST is imposed to set off all available benefits. GST can be applied for online without requiring physical medals.
A product goes through multiple stages along with the supply chain, including the purchase of raw materials, manufacturing, selling to wholesalers and retailers, and then finally selling to consumers.
Who needs to get registered under GST in Manipur?
Manipur requires the following persons to register under GST:
A business with an aggregate turnover of more than Rs 20 lakhs in a financial year (Rs 10 lakhs in special category states under GST).
Individuals who are registered under an earlier tax law (i.e., Excise, VAT, Service Tax,etc.)
Registration under the Goods and Services Tax is required.
Those who deal in the interstate supply of goods.
Casual taxable person
Non-Resident taxable person
Agents of a supplier
Person paying tax under the reverse charge mechanism
Input service distributor and its agent
E-Commerce operator or aggregator*
A Person who supplies through E-commerce aggregator.
Providers of online information, database acquisitions, or retrieval services from outside India to persons in India who are not registered taxable individuals.