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Unregistrered person
what consequences has to face to an uregistered person
Replies (8)
Plz eloberate your query.
it depends on many facts.
like nature of business.
turnover.
retail/wholesale.
it depends on many facts.
like nature of business.
turnover.
retail/wholesale.
Please elaborate
TURNOVER
NATURE OF TAXABLE PERSON.
NATURE OF TAXABLE PERSON.
In case of sales to him how much input tax can be recovered
If sale is to an unregistered person then charge gst as normally done and the person will pay full amount.
The unregistered person will not be able take any ITC.
The unregistered person will not be able take any ITC.
The biggest dis-advantage is they won't get ITC
They will not get input tax credit.
But issue of invoice is mandatory.
But issue of invoice is mandatory.
Thank you all for your replies. It means if a " distrbutor " is an urregistered person, he can not sue a " Retailer" for recovery of input tax credit. The distributor has to bear himself the input tax credit /cost.
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