Deputy Finance Manager
1136 Points
Joined May 2013
Supply from an Unregistered dealer to a Registered dealer( (Notification No.8/2017-Central Tax) )
- Exemption is on intra state taxable supply.
- There is a limit of transaction value of Rs. 5,000/- per day:- means in case of supply more than Rs. 5,000/- per day, whole of such supply shall be taxable under reverse charge 9(4).
- Limit is in respect of all suppliers:- This should be noted that the limit is not respect to one supplier.