As a goods or service provider, if you lose to file for GST, you can provoke heavy fines and penalties that can cover up to 100% of your owed tax cost. Registering for GST implies you can also accumulate GST from your consumers. Thus, in order to avoid any dispute with the law, it is necessary that you file for GST. At present, the origin GST registration limit has been maintained at Rs 20 lakh for services and Rs 40 lakh for the stocks of goods.



