Exemptions under GST

Exemption from taking Registration The Central Government vide Notification No. 06/2019 – Central Tax dated 29th January, 2019&Notification No. 03/2019 – IT dated 29th January, 2019 has provided that for the purpose of exemption from registration by service providers of Jammu & Kashmir, the threshold limit of aggregate value of supplies, to be computed on all India basis will be 10 lakh rupees. Notification to exempt tax on goods or services received from unregistered person rescinded The Central Government vide Notification No. 01/2019-Central Tax (Rate) dated 29th January, 2019has rescind the Notification No. 8/2017-CT (R) dated the 28th June, 2017 which 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. Therefore, from 1st Feb, 2019 such transaction has become taxable in the hands of recipient....