CAN A PERSON WHOSE TURNOVER IS BELOW 20.00 LACS AND IS NOT REGISTERED UNDER GST ACT PURCHASE GOODS FROM OUT OF STATE?
Menu
Unregistered under gst
Replies (6)
you can but you can not claim ITC. Hence it cost to you
Yes he can make purchases inter-state.
For effecting any Inter-state supplies ie., either purchase or sale, the dealer shall take compulsory registration as per section 24(I) under GST Act
CAN HE PURCHASE INTERSTATE FOR RESALE PURPOSE WITHOUT REGISTRATION
if he purchase or sale in interstate, he is required to registration in GST
For making intersupply, registration is compulsory. No such restriction on inter state purchase.
Recent Threads
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
Related Threads
CAclubindia
