A person is a dealer in petrol.
His turnover in petrol is 50,00,000
He also deals in FMCG products which are not exempt from GST. His turnover from this is 16,00,000.
Is he liable for registration under GST ?
A person is a dealer in petrol.
His turnover in petrol is 50,00,000
He also deals in FMCG products which are not exempt from GST. His turnover from this is 16,00,000.
Is he liable for registration under GST ?
But petrol do not come under the purview of GST
Why should we take 50L into consideration ?
Any explanation along with GST provisions
Dear Chamathi,
Section 2(6) defines Aggregate turnover - which includes exempt supply.
Section 2(47) defines Exempt supply - includes non-taxable supply.
Non-taxable supply covers petrol.
Thanks for the clarifying using provisions
Well explained
petrol is out of preview of GST
AND however the taxpayer can register in GST for the business FMCG
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