Is there any advantage of obtaining a GST number even if your business turnover is less than 20 lakhs?

Asked on January 3, 2019 in Miscellaneous.
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Yes, there are.

  • Your suppliers will increase as some of them prefer to deal with the registered client only.
  • You will get ITC so you can sell at better prices for your business customers.
  • You can get ITC of expenses as well.
  • Your accounting will be in the proper manner and you will have a better and clear view of your business financials.
Answered on January 3, 2019.
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