dear friend, as per the act Every person who is liable to be registered under Schedule V of this Act shall apply for registration in every such State in which he is so liable within thirty days from the date on which he becomes liable to registration
In simple words a dealer does not need to register for GST if he purchases from another state (provided turnover is below Rs 20 lakhs), but need to register for GST if he sells to other state and there is no threshold limit of Rs 20 lakhs.
i am an ifa(mutual fund distributor) my amc is in maharashtra but i am in madhya pradesh.My taxable turnover is less than rs 10 lacs do i need to register myself