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Fulfilling the condition of 80% purchase from registered Persons - Builder dilemma


80 percent procurement from registered person

if some body is supplying exempted services then value of supplies by it should not be included as supplies from the unregistered person for construction related projects.

interest on unsecured loan can never be considered as services from unregistered person. he or she who has given unsecured loan can never be registered as its always an exempt income.

status of being unregistered due to exempt supplies should not be a reason to consider that supplies from unregistered person while calculating 20 percent portion in case of procurement by builders

Navin Khandelwal 16/07/2020

 

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