Goods and Services Tax – Started By: – Kishan Barai – Dated:- 4-7-2017 Last Replied Date:- 4-7-2017 – So if we purchase from URD & pay him via bank & if the amount is below 5000, are we exempted from reverse charge ??If a buyer of goods is also URD then is he exempted from paying reverse charge even bill cross above 5000 ??Please elaborate – Reply By Rajagopalan Ranganathan – The Reply = Sir, If the turnover of both supplier and receiver of goods or services or both is less than 20 lakhs rupees they need not take a registration. Since the supplier is not a registered person he cannot issue a taxable invoice. As per Section 9 (4) of CGST Act, 2017 the central tax in respect of the supply of taxable goods or services or both by a sup
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