Composition 1% sale and exempted supply
This query is : Resolved
27 January 2023
If a composition registered dealer in GST also supply exempted goods (in addition to taxable sale), is he liable to pay 1% GST on exempted sale also ?
27 January 2023
A trader of goods registered as a composition dealer in GST is not required to pay GST on sale of Exempted goods. Refer notification no. 01/2018 (central tax) dated 01.01.2018.
However in case of manufacturer of goods he needs to pay 1% tax on total turnover (taxable as well as on exempted)
If a composition dealer is engaged in supply of Exempted goods, while filing CMP-08, details is to be given in column 3 (1) Outward supplies (including exempt supplies).
However in case of manufacturer of goods he needs to pay 1% tax on total turnover (taxable as well as on exempted)
If a composition dealer is engaged in supply of Exempted goods, while filing CMP-08, details is to be given in column 3 (1) Outward supplies (including exempt supplies).
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
