- When a trader will sell goods to an un registered trader whose turnover will be more than the threshold limit but still he has not taken any registration in such cases what should a trader do when he is selling to such person?
- When a purchaser willing fully does not provide his GST registration no. while purchasing and purchasing goods from many sellers and selling his goods to direct customer and not paying any TAX to Govt. in such kind of purchases, so in such cases what will happened? in such cases what should a trader do when he is selling to such person?
- A trader who has not taken any registration earlier (01/07/2017) but was doing business for many years , now he has taken GST registration, but the main problem is he has huge old stock lying with him, he can’t upload these stocks to GST portal as he was not registered previously, in this scenario what should he do for selling previous stocks and how he will his new GST Purchase
- Thank You
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Gst important query need help
Replies (14)
1. he can sell without any restriction but if such trader is outside the state then the invoice value should be lower than 2.5 lakh
the person who is unregistered will face the consequences if caught.
3. the best option will be to sell those goods to unregistered dealers.
1.) Registration of Purchaser is not a matter of worry for the supplier. If purchaser gives his GST registration detail mention his detail in bill as required and if not give (whether he is liable to be registered or not) do not mention purhcaser registration detail in bill.
2). Seller has not do anything. Whatever is required, will be done by the GOVT.
Thank u sir
the seller is nothing to do with buyer is regd under gst or not. but it's better to obtain. his ADHAR AND PAN and note it In the invoice. so that you will not be questioned tomorrow by tax officials. with regard to closing stock he has to pay tax at the time of supply after 1st July 2017. otherwise he has to dance to the music of tax authorities
That means the seller should impose Gst on his previous items (which was not shown to govt) while selling Goods
But Govt in future will not question from where the stock came
But Govt in future will not question from where the stock came
Plz reply its confusing me?
you declare the closing stock. If you do t claim ITC on closing Dept never question.
you declare the closing stock. If you do t claim ITC on closing Dept never question.
But previously he has not taken sale tax registration but doing business years
But previously he has not taken sale tax registration but was doing business for years illegally now whether he can declare his stock (he has original invoices with vat)
that will be dealt separately underVAT
So what will be benificial for him should he declare his stock or should he sell his stock to un registered dealer
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