we want to start goat selling and farming business, for that would I require to obtain GST registration?
* I know gst is necessary if interstate transaction take place.
* GST on selling goat is Nil
* but interstate transaction involve , should I have to take gst registration for e way bill & of course for police checking you know what I mean.
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Please Urgent!GST registration
Replies (6)
yes you have to register yourself.
1.because you selling goat local and interstate.
also mandatory for eway bill. for transaction.
your invoice will be in zero rated.
1.because you selling goat local and interstate.
also mandatory for eway bill. for transaction.
your invoice will be in zero rated.
one more thing if I purchase goat from village people how to show purchase in my book and accounts
As per Section 23(1)(a) , Person is not liable to obtain Registration if he is exclusively in business of Supply of Exempted Goods or Services .
Even though you are selling Interstate ,but if supplying Exempted goods , No need to take Registration.
Even though you are selling Interstate ,but if supplying Exempted goods , No need to take Registration.
but goat is come under NIL rated and not under Exempt goods, still need not to register under GST
Dear An Style
The Defination of Exempt Supply as per Section 2(47) of CGST Act : means supply of goods or services or both which attracts NIL Rate Tax or which may wholly exempt from tax u/s 11.
Hence the exempt supply includes Nil rate tax
thanku every one for your help and suggestions
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