If i want to purchase stock from interstate. Do i need to register for gst?
I am a retailer . I am having my retail business in haryana with turnover of 8 lakhs. I want to purchase from delhi that is interstate. Do i need to register for gst?
No dear for registration in GST there is turnover of the business exceeds Rs 20lakhs (Limit is Rs 10lakhs for the North Eastern States). so your turnover is only 8 lakh so no need to registered. but if you want to be registered on volountary basis you may opt.
The exemption limit for registration from GST is RS.20L. However compulsory registration is required where a person engaged in inter–state supply. hence what is compulsory is SUPPLY in the course of inter-state thus if somebody engaged in only PURCHASE from other state and selling goods/services within the state then no registration is required provided turnover doesn’t exceeds the limit.