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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- ITR-3 File/Error Found
- Due Date Clarity
- Accounting with Claude
- TDS _Long term Capital Gain ref.sec 214 Table 2
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
