CBIC gives exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs.

Circular No.ES/ 406/2018-19                                                         March 8, 2019

To: Members of the Council

Sub.: CBIC gives exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs.

Dear Member,

This to inform you that CBIC has issued Notification No. 10/2019- Central Tax dated 7th March, 2019 notifying that a person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs is exempt from taking Registration in GST except the following persons-

(a) persons required to take compulsory registration under section 24 of the said Act;

(b) persons engaged in making supplies of the under Tariff item 21050000, 21069020 and Chapter 24.

(c) persons engaged in making intra-State supplies in the States of Arunachal Pradesh,  Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, Uttarakhand;

(d) persons exercising option under the provisions of sub-section (3) of section 25, or such registered persons who intend to continue with their registration under the said Act.

Members may kindly make a note that this notification shall come into force w.e.f. 1st April, 2019.

Thanking you,           

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

 

 

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