27 August 2020
SIR Mr.X who is an unregistered dealer buys the products from a Private Company and sells to the party Mr.Y (i.e) the end user. The turnover during the year may result below the exemption limit of Rs.40,00,000/-p.a.
My doubts are,
1] Mr.X receives invoice with GST from Company and bills to Mr.Y without charging tax but with his margin. Can he do it ?
2] Mr.X has to issue e-way bill on sales to be made to Mr.Y ?
3] Mr.X ,not a registered dealer, is covered under the cash transaction limit of Rs.2,00,000/- for a bill?
4] Mr.X should file ITR1?
5] Can Mr.X do his business at home itself without any further place of business?
6] In case Mr.X pays freight on outwards, how gst provisions are applicable on that freight?
7] In case Mr.X closes his business in the middle of the year, should he inform to any dept.?
27 August 2020
1 yes, he can do it. 2 yes, Eway bill required if value more than the limit. 3 yes, limit applicable to X. 4 X should file ITR 3/4. 5 yes. 6 RCM provisions applicable for which GST registration required. 7 No need of information to any one in case of unregistered.
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