Can a unregistered dealer whose turnover is less than 20 lakh purchase the good from from ouside state and sell the same in within state?
Shri Krishan Verma (36 Points)
28 June 2017Can a unregistered dealer whose turnover is less than 20 lakh purchase the good from from ouside state and sell the same in within state?
CA Revanth Bharathwaj M
(Freelance consultant in Direct Tax and Financial Reporting)
(373 Points)
Replied 29 June 2017
Shri Krishan Verma
(36 Points)
Replied 29 June 2017
Costa Juan
(14 Points)
Replied 29 June 2017
Swamy
(Article)
(116 Points)
Replied 29 June 2017
Shubham Kulkarni
(Chartered Accountant)
(39 Points)
Replied 29 June 2017
According to sec. 2(6), aggregate turnover excludes only that INWARD supply on which tax is payable under reverse charge mechanism. All other supplies, whether inward or outward, come under the definition of aggregate turnover. Thus, inter-sate supply (inward or outward) require registration irrespective of the threshold limit of Rs. 20 lakhs. Also, it is important to note that exempt inter-state supply does not require registration under GST.
Shubham Kulkarni
(Chartered Accountant)
(39 Points)
Replied 29 June 2017
According to sec. 2(6), aggregate turnover excludes only that INWARD supply on which tax is payable under reverse charge mechanism. All other supplies, whether inward or outward, come under the definition of aggregate turnover. Thus, inter-sate supply (inward or outward) require registration irrespective of the threshold limit of Rs. 20 lakhs. Also, it is important to note that exempt inter-state supply does not require registration under GST.
Shubham Kulkarni
(Chartered Accountant)
(39 Points)
Replied 29 June 2017
According to sec. 2(6), aggregate turnover excludes only that INWARD supply on which tax is payable under reverse charge mechanism. All other supplies, whether inward or outward, come under the definition of aggregate turnover. Thus, inter-sate supply (inward or outward) require registration irrespective of the threshold limit of Rs. 20 lakhs. Also, it is important to note that exempt inter-state supply does not require registration under GST.
Shubham Kulkarni
(Chartered Accountant)
(39 Points)
Replied 29 June 2017
According to sec. 2(6), aggregate turnover excludes only that INWARD supply on which tax is payable under reverse charge mechanism. All other supplies, whether inward or outward, come under the definition of aggregate turnover. Thus, inter-sate supply (inward or outward) require registration irrespective of the threshold limit of Rs. 20 lakhs. Also, it is important to note that exempt inter-state supply does not require registration under GST.
Shubham Kulkarni
(Chartered Accountant)
(39 Points)
Replied 29 June 2017
According to sec. 2(6), aggregate turnover excludes only that INWARD supply on which tax is payable under reverse charge mechanism. All other supplies, whether inward or outward, come under the definition of aggregate turnover. Thus, inter-sate supply (inward or outward) require registration irrespective of the threshold limit of Rs. 20 lakhs. Also, it is important to note that exempt inter-state supply does not require registration under GST.
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