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Definition of First and second stage dealer

Goods and Services Tax - GST - By: - Pradeep Jain - Dated:- 4-2-2017 - GST DAILY DOSE OF UPDATION Definition of First Stage Dealer Taking further to our discussion, we are continuing our discussion the definitions given under Section 2 of revised GST law and comparing the same with old model GST law to know the changes made in revised law:- Section 2(46): First Stage Dealer: The new definition reads as follows: First Stage Dealer means a dealer, who purchases the goods directly from,- (i) the ma .....

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a dealer who purchases the goods from a first stage dealer as defined in sub-section (46); This definition has been newly added in the revised draft law. The reasons behind this addition are the transitional provisions. Section 169 of the revised draft provides that upon transition, cenvat will be allowed on the inputs lying in stock to certain eligible persons which includes a first stage dealer or a second stage dealer or a registered importer. Prior to this amendment, no transitional provisi .....

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