Brief about the notifications and Author's notes-
## Casual person who makes Inter state sale related to "Handicraft goods" will NOW be exempted from obtaining registration under the act provided:
> The Total such value of supplies on ALL INDIA basis (On PAN basis) will not be MORE than 20 lac in a financial year (or 10 lacs for specified places),
> PAN is must for this notification and E-WAY bill should be used on all transactions movement
## In this regards a notification under IGST has been issued SIMILAR transaction in order to allow the same within Inter state supplies - Refer notification under IGST - http://www.cbec.gov.in/resources//htdocs-cbec/gst/IGST_8_2017.pdf
## Hence if a person already registered under the act and wants to transact under the item notified then he may not use the benefit for this notification. This is only for Casual Taxable person
Casual Taxable person means - Sec 2 (20) “casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business"
## Explanation - For the purposes of this notification, the expression “handicraft goods” means the products mentioned in column (2) of the Table below and the Harmonized System of Nomenclature (HSN) code mentioned in the notification
Please refer link to read full notification - http://www.cbec.gov.in/resources//htdocs-cbec/gst/32_2017-CT_Eng.pdf
## Casual person who makes Inter state sale related to "Handicraft goods" will NOW be exempted from obtaining registration under the act provided:
> The Total such value of supplies on ALL INDIA basis (On PAN basis) will not be MORE than 20 lac in a financial year (or 10 lacs for specified places),
> PAN is must for this notification and E-WAY bill should be used on all transactions movement
## In this regards a notification under IGST has been issued SIMILAR transaction in order to allow the same within Inter state supplies - Refer notification under IGST - http://www.cbec.gov.in/resources//htdocs-cbec/gst/IGST_8_2017.pdf
## Hence if a person already registered under the act and wants to transact under the item notified then he may not use the benefit for this notification. This is only for Casual Taxable person
Casual Taxable person means - Sec 2 (20) “casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business"
## Explanation - For the purposes of this notification, the expression “handicraft goods” means the products mentioned in column (2) of the Table below and the Harmonized System of Nomenclature (HSN) code mentioned in the notification
Please refer link to read full notification - http://www.cbec.gov.in/resources//htdocs-cbec/gst/32_2017-CT_Eng.pdf
No comments:
Post a Comment