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The change will come into effect this summer, although a date has not yet been announced.
All assesses / dealers who are already registered under existing central excise/service tax/ vat laws - What will happen when turnover is not exceeding ₹ 20 Lakhs (or ₹ 10 Lakhs in Hill areas) - Complications and Problems Here, we like highlight the ambiguity between the provisions of the statute and intention of the legislature relating to Registration under the GST regime.
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By agreeing to these Terms & Conditions, you irrevocably consent to these photos, videos and any comments you may provide to be copyrighted and published by Eton Institute, in print or electronically with or without your name and for any lawful purpose, including in public campaigns, fundraising activities, internal communication, presentations, software, newsletter, teaching materials and Web content.As we know unlike the Service Tax or Central Excise regime, in the GST regime, a person once registered, will be liable to discharge GST liability irrespective of the turnover.Therefore, the question arises, when the turnover of a person was much below Rs.As a result, Discogs will soon be required to charge VAT on sellers transacting within the EU.For the UK and many countries in the EU this rate is 20% although it does vary from country to country.