I am a wholesale with income less than 5 lakhs should I need to get registered?

Sir I am a unregistered small wholesaler with income less than 5 lackhs Should I need to get registered in any one like gst or tin or vat

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3 Answer(s)

If you have interstate purchase or sales, you should take compulsory registration. if doing only local purchases or sales, you have limit of 20 lakhs. if your customers are registered dealers, most probably they won’t purchase from you because they have to pay rcm. for rcm they won’t take risk of your product classification and rates. check with your registered customers what their stand is.

Answered on June 28, 2017.
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So how will I be able to sell them the goods? Do I need any other registration for it like tin or vat? And I don’t have any inter state purchases as well.

Answered on June 28, 2017.
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Till Rs. 20 lakh its a option. its up to you whether you want or not.

Answered on June 28, 2017.
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Your Answer

Gen GST