I am a student and i want to start garment trading business.
Many are saying the i dont need gst number but how will i get the goods without gst from the manufacturers.
I only have my aadhar,pan and voter card.
How should i proceed.
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Do i require a gst number of i start a trading business?
Replies (10)
only if you exceed TO
But no one will provide me any items without gst no.
nope thats not the case.
the thing is you cant claim ITC
the thing is you cant claim ITC
tell ur supplier to issue invoice as to unregistered person so that u will pay gst and u can't claim gst as u need not file gst returns so no further gst payable and if ur turnover exceeds 40 lakhs then u should go for gst Registration
if above 20 laks per year hv to obtain gst reg. no prob in getting goods even if u r unregd.
ok well I'll receive the goods as unregistered.
But what if i sell the goods how will i sell it? if the buyer wants original invoice
But what if i sell the goods how will i sell it? if the buyer wants original invoice
If your buyer is also registered then only he can ask you about GST Invoice, otherwise you will provide invoice without charging GST to unregistered or normal client.
if ur buyer asks you invoice tell him that I won't collect gst from u so u can't claim it back and if he is registered he should pay under reverse charge basis as u r unregistered supplier
But i have to provide invoice for transportation of Goods otherwise i can be termed as illegal
You can issue a document named "BILL OF SUPPLY" for your supply which contains all the information as in "TAX INVOICE" except GST Number.
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