Wholesale lense stock
This query is : Resolved
26 June 2017
All Dear sir
i want to know we are in wholesale lense business and turnover is under 20lac and we purchase lense outside state .then should i have to take gst registration ?
26 June 2017
No you are not required to take registration under gst because only those dealers who turnover is more than 20 lacs are required to take registration plus if any dealer is engaged in interstate "OUTWARD" supply is required to take registration without any threshold limit but as you have mentioned that you have only interstate purchases and if you don't have any interstate sales then registration is not required.
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