Gst on pvt ltd engaged in trading of agricultural seeds
This query is : Resolved
Bhawna Dubey
(Querist)
07 January 2019
A PVT LTD IS ENGAGED IN A BUSINESS OF PURCHASING SEEDS FROM FARMERS AND SELL IN THE MARKET. WHETHER THE COMPANY IS LIABLE TO TAKE GST REGISTRATION. IF THEY TAKE REGISTRATION THEN & PAY GST ON SALE PROCEEDS THEN HOW CAN THEY CLAIM ITC ON PURCHASE COZ FARMERS ARE EXEMPT FROM GST????
CA R SEETHARAMAN
(Expert)
07 January 2019
Seeds are exempt from GST GST registration not required.
Bhawna Dubey
(Querist)
07 January 2019
Sir is pvt ltd is also not required to take registration and what about gst on sale income of company. Is it payable by company or not??
CA R SEETHARAMAN
(Expert)
07 January 2019
Yes, not required if GST not payable.
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