Author's Comments/ Analysis:
For the sake of SIMPLICITY the references of earlier notifications has been brought into as below -
Extract from NOTIFICATION 8/2017 dt 28 June 2017
".................on the recommendations of the Council, hereby exempts intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017):
Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day
Now,
The YELLOW highlighted has been DELETED BY ISSUING NOTIF. 38/2017 dt 13 October 2017 Which means that there is no LIMIT TO ALLOW ANY AMOUNT of SUPPLIES BY REG from a UNREG SUPPLIER
The PROVISIONS related to Sec 9(3) WILL REMAIN APPLICABLE
The NOTIFICATION 38/2017 dt 13 october 2017 will be applicable to ALL REGISTERED PERSONS TILL 31 March 2018
SIMILAR Notification has been issued no 32/2017 for exempting IGST on such purchases from UREG suppliers
For reading full text of the notification please refer - http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-38-cgst-rate-english.pdf
& http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-32-igst-rate-english.pdf
For the sake of SIMPLICITY the references of earlier notifications has been brought into as below -
Extract from NOTIFICATION 8/2017 dt 28 June 2017
".................on the recommendations of the Council, hereby exempts intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017):
Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day
Now,
The YELLOW highlighted has been DELETED BY ISSUING NOTIF. 38/2017 dt 13 October 2017 Which means that there is no LIMIT TO ALLOW ANY AMOUNT of SUPPLIES BY REG from a UNREG SUPPLIER
The PROVISIONS related to Sec 9(3) WILL REMAIN APPLICABLE
The NOTIFICATION 38/2017 dt 13 october 2017 will be applicable to ALL REGISTERED PERSONS TILL 31 March 2018
SIMILAR Notification has been issued no 32/2017 for exempting IGST on such purchases from UREG suppliers
For reading full text of the notification please refer - http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-38-cgst-rate-english.pdf
& http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-32-igst-rate-english.pdf
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