GST applies to taxable turnover, even if paid in cash: Karnataka Commercial Taxes Dept clarifies

Amid a statewide shutdown call by small traders on July 25 over GST notices on digital payments, the Karnataka Commercial Taxes Department on July 17 clarified that GST registration is mandatory for businesses with annual turnover above Rs 40 lakh (goods) or Rs 20 lakh (services), regardless of payment mode. In a press note dated July 17, the department clarified that GST registration is mandatory…