Is it possible for a dealer without GST registration to purchase from the other state?
GST limit of Rs.20lakhs is applicable for under intrastate sale or transfers. GST Law expressly needs registration beneath GST Law for transfer of goods in the interstate sale.
Traders, thus, won’t be able to avail of threshold exemption of Rs 20 lakh turnover, if they need inter-state supplies.
Then they’ll need to register. Threshold exemption is just for traders WHO are trading among the state.
Latest posts by Certicom Consulting (see all)
- Sukanya Samriddhi Account-Govt’s Special Scheme for Girl child - July 19, 2018
- RBI hikes Interest rates on your Personal Finances - July 19, 2018
- Understanding Form 16 and other TAX related forms - July 18, 2018