I am a whole seller of rice dealing in both branded & unbranded rice.I purchase them locally (i.e. from within the State) and also from outside the State (interstate purchase). In the last financial year my turn over was Rs. 5.5 Crore.Today I am not registered under VAT. My questions are :- (i) Will have I to get myself registered now?
(i) Rice put up in a unit container & bearing a registered brand name is taxable @ 5%. In accordance with provisions of section 22 of the CGST A ct,2017(applicable in your case), a person becomes liable to be registered in the State/UT from where he makes taxable supply of goods or services or both if his aggregate turn over(which includes value of exempt supplies as well) in a financial year exceeds Rs. 20 lakh. Hence, liability to get registration accrues in your case from the date the aggregate turnover in the current financial year exceeds Rs. 20 Lakh.