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Do i require a gst number of i start a trading business?

02 July 2019

I am a student and i want to start garment trading business.
Many are saying the i dont need gst number but how will i get the goods without gst from the manufacturers.
I only have my aadhar,pan and voter card.
How should i proceed.

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10 Replies

N.Vimal Kumar Jain (CA CS CMA) (2103 Points)
Replied 02 July 2019

only if you exceed TO

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abhishek chauhan (12 Points)
Replied 02 July 2019

But no one will provide me any items without gst no.

1 Like

N.Vimal Kumar Jain (CA CS CMA) (2103 Points)
Replied 02 July 2019

nope thats not the case.
the thing is you cant claim ITC

1 Like

drg mahesh (18 Points)
Replied 02 July 2019

tell ur supplier to issue invoice as to unregistered person so that u will pay gst and u can't claim gst as u need not file gst returns so no further gst payable and if ur turnover exceeds 40 lakhs then u should go for gst Registration

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Kishor Lulla (1011 Points)
Replied 03 July 2019

if above 20 laks per year hv to obtain gst reg. no prob in getting goods even if u r unregd.

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abhishek chauhan (12 Points)
Replied 03 July 2019

ok well I'll receive the goods as unregistered.
But what if i sell the goods how will i sell it? if the buyer wants original invoice

Kumar Sushank (General Manager - Finance) (1040 Points)
Replied 03 July 2019

If your buyer is also registered then only he can ask you about GST Invoice, otherwise you will provide invoice without charging GST to unregistered or normal client.

drg mahesh (18 Points)
Replied 03 July 2019

if ur buyer asks you invoice tell him that I won't collect gst from u so u can't claim it back and if he is registered he should pay under reverse charge basis as u r unregistered supplier