Author's comments and notes:
** Any PERSON MAKING supplies as INTER STATE supplies was required to take COMPULSORY REG under GST act irrespective of minimum threshold limit from obtaining such registration,
*** By issuing this notification, it has now EXEMPTED to those PERSONS who even make INTER-STATE SUPPLIES (being services only) but OVERALL aggregate turnover in a FY is not exceeding by minimum threshold limit (which was used only for INTRA-STATE supplies earlier) i.e. 20 L or 10 L (notified areas)
** Hence after this notification all supplies whether INTRA-STATE or INTER-STATE will be considered while verifying the THRESHOLD LIMIT of 20 L in case of SERVICES (still goods are under existing rules)
For reading full notification please refer link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-10-igst-english.pdf
** Any PERSON MAKING supplies as INTER STATE supplies was required to take COMPULSORY REG under GST act irrespective of minimum threshold limit from obtaining such registration,
*** By issuing this notification, it has now EXEMPTED to those PERSONS who even make INTER-STATE SUPPLIES (being services only) but OVERALL aggregate turnover in a FY is not exceeding by minimum threshold limit (which was used only for INTRA-STATE supplies earlier) i.e. 20 L or 10 L (notified areas)
** Hence after this notification all supplies whether INTRA-STATE or INTER-STATE will be considered while verifying the THRESHOLD LIMIT of 20 L in case of SERVICES (still goods are under existing rules)
For reading full notification please refer link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-10-igst-english.pdf
Not all persons have been exempted...only person supplying the taxable SERVICES have been exempted.
ReplyDeleteSupplier of GOODS still have to face the heat.