Dear sir,
is it mandatory to a Carry and forward agent to register Gst even below taxable turnover and how to register gst to c&f agent
is gst chargeable for transfer of stock to c&f agent, if taxable at what rate it will be taxable, and which HSN code applicable.
If agent for buying or selling, then registration is mandatory without any limits. Goods have to be received through GST tax invoices, avail ITC and sell with output GST. If merely acting as agent for transport and handling of goods, then registration may not be required.
Kindly refer below definition of agent, to see if you fit within the same or not :
2 (5). "agent" means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another;
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