A 'casual taxable person' under Sec 2(20) is:
APerson who occasionally makes exempt supplies only
BPerson who occasionally undertakes transactions involving supply of goods/services in a State where he has no fixed place of business
CPerson who deals in barter only
DPerson registered for less than 1 year
Answer & Solution
Correct answer: B. Person who occasionally undertakes transactions involving supply of goods/services in a State where he has no fixed place of business
1. Sec 2(20) — 'casual taxable person' = a person who OCCASIONALLY undertakes transactions involving supply of goods/services in the course of business, in a State or UT where he has NO fixed place of business.
2. Example: a Mumbai-based artist exhibiting at a Delhi trade fair for two weeks.
3. Must register at least 5 days before commencing business (Sec 27 + Rule 13), with advance tax payment.
_Source: ICAI BoS CA Final Paper 8, Ch 7 "Registration", §Sec 2(20)_
Related questions
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