how a transaction between unregistered buyer and unregistered seller will be governed under gst, if the turnover of both is below Rs.20 lakhs?
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Unregistered dealer
Replies (6)
no need to register in gst if t/o below 20 lakhs. you can do your regular basis
https://www.accounts4tutorials.com/
Not required as TO is below that however it is advised to get registered as Composition Scheme.
not applicable on unregistered
How will GST remove the cascading effect of taxes?
reverse charge liability on purchase from unregistered dealer is applicable only to a registered dealer. In this case both the parties are below the threshold limit. Assumig that the buyer didn't take voluntary registration, no GST liability would arise.
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