CBEC Notifies Exemption to Persons making Inter-State Supply of Handicraft Goods having below 20 lakh Turnover from GST Registration [Read Notification]
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The Central Government today notified exemption to persons making inter-state supply of handicraft goods having turnover of below 20 lakh rupees. Earlier, persons making inter-state taxable supplies were not eligible for threshold exemption of Rs. 20 lacs (Rs. 10 lacs in special category states except J & K) and were liable for registration. Jammu and Kashmir and a few other states...
The Central Government today notified exemption to persons making inter-state supply of handicraft goods having turnover of below 20 lakh rupees.
Earlier, persons making inter-state taxable supplies were not eligible for threshold exemption of Rs. 20 lacs (Rs. 10 lacs in special category states except J & K) and were liable for registration.
Jammu and Kashmir and a few other states have urged the GST Council to consider exempting handicrafts, carpets and handmade products from registration.
The 21st meeting of the GST Council has decided to allow an exemption from registration to persons making inter-State taxable supplies of handicraft goods upto aggregate turnover of Rs. 20 lacs as long as the person has a Permanent Account Number (PAN) and the goods move under the cover of an e-way bill, irrespective of the value of the consignment.
Read the Full Text of the Notification Below.