Dear Friends,
Our cousin is doing EGG wholesale business and Annual turnover is about 60 Lakhs. There is no GST for EGG purchase or sales. But, aggregate TO is crossed 40 Lakhs. In this case, the egg seller need to register GST or not? If yes, how they will maintain Invoices for Purchases or sales?
Following is the extract of section 23(1)(a) of CGST Act.
23. Persons not liable for registration.—
(1) The following persons shall not be liable to registration, namely:––
(a) any person engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax under this Act or under the Integrated Goods and Services Tax Act;
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