GST: What are consequences of procuring goods from an unregistered vendor?

The government through its tweets has clarified that expenses like freight/transport/packing should be included in the taxable value of the supply while raising the invoice

Our client is a partnership firm, trading in shares and securities. They also have income from investment consultancy and have obtained a GST (goods and services tax) number. Can GST levied on consultancy income be set off against GST paid on brokerage for buying and selling of shares?

A supplier of services is permitted to avail of input tax credit for goods/services/capital goods used in the course or furtherance of business. There is no requirement to establish a one-to-one correlation between goods/services procured and taxable services rendered for utilisation of input tax credit against output GST liability.

In your case, we understand