25 April 2023
If supplier is only engaged in supply of such good or services or both on which tax is to be paid by recipient on RCM basis, supplier is not required to take registration.
Regards
25 April 2023
Yes, if aggregate turnover of supplies exceeds basic exemption limit. As per GST law, “aggregate turnover” refers to the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same Permanent Account Number, to be computed on an all-India basis
26 April 2023
Reference may be taken of Notification No.5/2017 - Central Tax Dt.19.06.2017. The same is reproduced herewith for ready reference:
"In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby specifies the persons who are only engaged in making supplies of taxable goods or services or both, the total tax on which is liable to be paid on reverse charge basis by the recipient of such goods or services or both under sub-section (3) of section 9 of the said Act as the category of persons exempted from obtaining registration under the aforesaid Act."
26 April 2023
Totally agreed. In practice it is very hard to find a supplier having only single type of supply, like supplies under RCM, or only exempted or zero rate supplies etc. etc... Even a single supply other than the said single type supply deviates the rule.
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