Purchase of second hand machine under gst.

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I am beginning a new business for which I am looking to purchase some 2nd hand machines from a party X (Machines are worth 6 lakhs). Now the party X had bought the machines in pre gst period and henceforth ran the business for a few months and then due to some concerns had to close down the business. Now since the party X turnover was less than 10/20 lacks it never registered under gst. Now I want to purchase those machines from him. Since I am a new business even I don't want to register under gst as my turnover also will be under the limit. Is It possible for us to take this transaction forward as both of us are not registered under gst due to low turnover. Please advice. 

Replies (1)
yes u can enter into this transaction .....it is beneficial for u to purchase from unregistered person because u will not able to take ITC being unregistered.


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