Nil rate good.

This query is : Open

Abhishek Jindal (Querist)
Follow

17 September 2017 Dear sir

If I deal only in Nil rated good and I apply the registration in composition scheme then we are required to pay 1% of sale as GST or no payment.
Or. We are required to convert it in normal.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

17 September 2017 You are required to pay 1% gst on exempted goods( as you said nil rated).

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

17 September 2017 You have to pay tax @1% on all sale even it is exempted. Better you opt out of composition scheme

Abhishek Jindal

Abhishek Jindal (Querist)
Follow

18 September 2017 Mam if I deal only in exempted good then what should i do whether convert registration into normal or surrender. please suggest... and sent process...

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

18 September 2017 Its better to cancel registration if you deal only in exempted goods. Also you cant opt for composition scheme if you deal in exempted goods only. So it is better to opt normal scheme now & file your return. Whenever cancellation option available cancel it

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Raviraj ponkshe

RAVINDRA JOSHI

AMAR MEHARWADE

Shailesh Prajapati

ARUN KUMAR & ASSOCIATES

Subscribe Now

Nil rate good.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA