GST Compliance Limits - A Quick Reference by Abhishek Raja Ram; 9810638155 This document provides a concise overview of key Goods and Services Tax (GST) compliance limits that businesses should be aware of before filing their returns. It covers thresholds for registration, composition scheme, annual returns, quarterly filing, e-invoicing, and restrictions on input tax credit utilisation. Here's a quick reference guide to the GST limits you need to know: ✳️Registration Limit: 🔺₹20 Lakhs / ₹40 Lakhs (depending on the type of supply and state regulations) 🔺Special Category States Registration Limit: ₹10 Lakhs ✳️Composition Scheme: 🔺₹75 Lakhs (for Service Providers and Mixed Suppliers) 🔺₹1.5 Crore (for Goods Suppliers) ✳️Annual Return & Reconsiliation Satement: 🔺GSTR-9 (Annual Return): Applicable for taxpayers with aggregate turnover exceeding ₹2 Crore 🔺GSTR-9C (Reconciliation Statement): Applicable for taxpayers with aggregate turnover exceeding ₹5 Crore ✳️QRMP (Quarterly Return Filing with Monthly Payment) Scheme: 🔺Eligible for taxpayers with aggregate turnover up to ₹5 Crore ✳️E-Invoice & HSN Reporting: 🔺Applicable for taxpayers with aggregate turnover exceeding ₹5 Crore ✳️Rule 86B (Restriction on Input Tax Credit Utilisation): 🔺Applicable if the taxable value of supply exceeds ₹50 Lakhs per month. I hope this chart and writeup will be handy and can be shared with the clients too. Thanks & Regards Abhishek Raja Ram 9810638155