The turnover limit for determining GSTR-3B filing frequency is ₹5 crore in the preceding financial year. Taxpayers with an Annual Aggregate Turnover (AATO) exceeding ₹5 crore must file GSTR-3B monthly. Those with a turnover of up to ₹5 crore have the option to use the Quarterly Returns with Monthly Payment (QRMP) scheme.
Businesses with an annual turnover above ₹5 crore must file their GSTR-3B monthly on 20th of the following month. Businesses with turnover up to ₹5 crore have an option for their GSTR-3B quarterly. In case a taxpayer opts for quarterly filing, tax liability is still required to be discharged through PMT-06.
Key Takeaways. The GST registration turnover limit is ₹40 lakhs for goods, ₹20 lakhs for services, and ₹10 lakhs for special category states.
Aggregate turnover can be calculated as follows: Value of all (taxable supplies+Exempt supplies+Exports+Inter-state supplies) - (Taxes+Value of inward supplies+Value of supplies taxable under reverse charge + Value of non-taxable supplies) of a person having the same PAN(Permanent Account Number) across all his ...
GST is leviable only if aggregate turnover is more than 20 lacs. (Rs. 10 lacs in 11 special category States). For computing aggregate supplies turnover of all supplies made by you would be added.
Businesses with annual sales of Rs. 40 lakhs or more for goods, and Rs. 20 lakhs or more for services, must register for GST. If the turnover exceeds the allowed threshold, there is a penalty for failing to register under GST.
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)
The tax under section 44AD of the Income Tax Act is calculated at 8% of the total gross turnover (or 6% for digital transactions) provided that the annual turnover is below Rs. 2 crores (Rs. 3 crores if 95% of receipts are through online modes).
Yes, GSTR-3B can be filed after the due date; however, it will attract a late fee and interest. The penalty is Rs. 50 per day, or Rs. 20 per day for NIL returns, and interest is charged at 18% per annum on the outstanding tax amount.
GSTR-9 (Annual Return) is optional for businesses with turnover up to Rs. 2 crore since FY 17-18 onwards till FY 2023-24. Every year, the GST department notifies the threshold turnover limit above which it is mandatory to file GSTR-9.
What is the Minimum Turnover Limit for GST Registration? Businesses are required to register for GST and pay tax on their annual turnover if their annual revenue exceeds Rs. 40 lakhs in the case of goods supplied and Rs. 20 lakhs for the supply of services.
$75,000 Threshold for Businesses
Even if you don't hit this figure yet, it's essential to monitor your revenue closely. The ATO requires registration if you either: Have a current GST turnover of $75,000 or more. Expect your turnover to reach $75,000 in the next 12 months.
GST Audit Limit under Section 35(5) of CGST Act for Turnover-based Audit. If the annual turnover of a registered taxpayer exceeds ₹2 crore in a financial year, he/she must have his/her accounts audited annually by a Chartered Accountant (CA) or Cost Accountant.
What is Form GSTR-3B? Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period.
GST Turnover Limit for Goods Suppliers
If you are supplying goods only, then in normal states the gst threshold limit for registration is ₹ 40 lakh per year. In special category states the limit is typically ₹ 20 lakh.
While filing ITR, the GSTIN has to be mentioned in the relevant section of the form. This is important as it helps the government to cross-verify the financial transactions reported in the GST returns and the income tax returns. It also helps to identify any discrepancies or mismatches in the reported figures.
The Annual aggregate turnover (AATO) in current and preceding FY (if applicable) is up to ₹ 5 Cr. The Form GSTR-3B return for most recent tax period has been filed.
Negative values in GSTR-3B are values that are less than zero. They can occur in the following cases: When the value of all credit notes exceeds the total value of outward supplies and debit notes in Table 4B. When a taxpayer has a negative ITC balance.
The GSTN, through its Advisory No. 606 dated June 7, 2025, has announced GSTR-3B hard locking. This means that from the July 2025 tax period, key fields in GSTR-3B will become non-editable. Specifically, the government has locked the liability details auto-populated from GSTR-1/IFF in Tables 3.1 and 3.2.
Turnover tax is reserved for micro businesses with a “qualifying turnover” of less than R 1 million for the financial year. “Qualifying turnover” is the total amount received by a business for the year of assessment from carrying on business activities.
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)
The aggregate turnover in GST is calculated by summing the value of activities conducted by all entities under the concerned person across India. This comprehensive approach ensures that the total turnover reflects all business operations, making it crucial for determining GST registration eligibility.
According to Notification No. 10/2019, any business engaged exclusively in the supply of goods must register for GST if the annual turnover exceeds ₹40 lakhs.
Working out your GST turnover
Your GST turnover is your total business income (not your profit), minus: GST included in sales to your customers. sales to associates that aren't for payment and aren't taxable. sales not connected with an enterprise you run.
You must register for GST if your overseas business has a GST turnover of A$75,000 or more from sales connected with Australia and made in the course of your business. You may not need to register for GST if the only sales you make are made through an electronic distribution platform.