Sponsored
    Follow Us:
Sponsored

Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees.

#In Special States this limit is rupees 10 lakh.

#Council enhance the aggregate turnover from twenty lakh rupees to such amount not exceeding forty lakh rupees in case of supplier who is engaged exclusively in the supply of goods.

Registration Requirement for Handicraft Supplier under GST

 

However under section 24, compulsory registration is required in case :

A person making Inter state Supply:

  • However, threshold limit of Rs. 20 lakh (Rs. 10 lakh in case of Special Category States of Mizoram, Tripura, Manipur and Nagaland) is available in case of  “inter-State supply of taxable services and of notified handicraft goods “. [Notification 3/2018 IT dated 22.10.2018].
  • Persons who supply goods and/or services, through such ECO who is required to collect tax at source under section 52, but threshold limit of Rs. 20 lakh (Rs. 10 lakh in case of Special Category States of Mizoram, Tripura, Manipur and Nagaland) is available in case of suppliers supplying services through ECO.

So, From the above provisions we can conclude that A Supplier supplying Handicraft items i.e Handmade items (dresses, wooden items etc.) are not liable to registered under GST if there Aggregate value of Taxable Supplies don’t exceed Rupees twenty lakhs .

So, even such suppliers are making an inter state supply, they are exempted from registration vide such rules .

However Certain e- commerce operators necessarily required GST Registration to associate the supplier with such E-commerce site, for that purpose one have to take GST Registration.

if E- commerce operator don’t get satisfy with the guidance given above , as part of their Compliance procedures.

PLEASE feel free to contact for any further query at ([email protected])

Sponsored

Author Bio


My Published Posts

Sale of Capital Goods under GST View More Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Sponsored
Search Post by Date
October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031