The Central Government, under IGST Act, exempts inter-State supply of goods/services from unregistered suppliers.
This exemption aims to ease tax burden on registered persons.
Applicable till March 31, 2018, it covers all registered entities.
Registered businesses won't be liable to pay integrated tax on such supplies.
Implemented based on Council recommendations.
Aimed at promoting seamless interstate trade.
Exemption expected to facilitate smoother transactions and bolster business operations.
(Ruchi Bisht)
Under Secretary to the Government of India