Nil rate good.
This query is : Open
Abhishek Jindal
(Querist)
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.
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
(Expert)
17 September 2017
You are required to pay 1% gst on exempted goods( as you said nil rated).
CA Rashmi Gandhi
(Expert)
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
(Querist)
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
(Expert)
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
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