The GST (Goods and Services Tax) income limit varies by country. In India, the threshold is ₹20 lakh for most states and ₹10 lakh for special category states. In Australia, it’s AUD 75,000; in Canada, CAD 30,000; and in New Zealand, NZD 60,000. Businesses exceeding these limits must register for GST, allowing them to collect tax and claim input tax credits, which affect cash flow and pricing. Compliance involves filing returns and maintaining records.
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Larry Wilson
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The GST (Goods and Services Tax) income limit varies by country. In India, the threshold is ₹20 lakh for most states and ₹10 lakh for special category states. In Australia, it’s AUD 75,000; in Canada, CAD 30,000; and in New Zealand, NZD 60,000. Businesses exceeding these limits must register for GST, allowing them to collect tax and claim input tax credits, which affect cash flow and pricing. Compliance involves filing returns and maintaining records.