Goods and Services Tax – Started By: – Archna Gupta – Dated:- 2-8-2017 Last Replied Date:- 3-8-2017 – Dear Experts, Please clarify that if there is no minimum threshold limit on Inter state transactions for registration under GST then why there is a provision in Section 5(4) of IGST Act,2017 for liability under reverse charges on the receiver of taxable goods or services or both on inter state transactions if the same is supplied from unregistered dealer, meaning thereby that the supplier is prohibited to make inter state sale of taxable goods or services or both without registration under GST. Looking forward to your help. Best Regards Archna Gupta – Reply By KASTURI SETHI – The Reply = Pl. Go through my article on threshold exemption pub
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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; (b) an agriculturist, to the extent of supply of produce out of cultivation of land. A dealer who has not taken registration on the ground that his turnover during previous financial year is below ₹ 20 lakhs is wholly exempted from payment of tax and if any registered person who procures goods from such unregistered dealer need not pay gst under reverse charge. If the Department insists on payment of gst then the provision giving exemption to a dealer whose turn over is below ₹ 20 lakhs then provision giving such exemption becomes otiose. – Reply By MADAN RAHEJA – The Reply = No separa
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