IN COMPOSITION SCHEME, A DEALER DECLARED 30 LAKHS AS TAXABLE
REMAINING 20 LAKHS AS EXEMPTED BUT NOT SHOWING IN GST RETURN, CAN WE CLAIM THIS EXEMPTED SALES ALSO FOR TURNOVER?
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Composition - exempted
Replies (11)
Yes , As per the definition of Aggregate turnover in term of Section 2(6) of CGST Act , it includes both exempted & taxable turnover.
BUT NOT SHOWS IN JAN-MARCH RETURN, CAN WE DECLARE IN ANNUAL RETURN SIR?
Yes plz report it under 9A
THANKS SIR,
you will have to pay tax on the exempted sale as well
Not required to pay tax on excempted goods
Yes agree with mr abhishek
Only in case You are not a manufacturer then no GST is applicable on exempted supply .
Refer Notification 1/2018 CT , read with principal Notification 8/2017 CT
Only in case You are not a manufacturer then no GST is applicable on exempted supply .
Refer Notification 1/2018 CT , read with principal Notification 8/2017 CT
actually he is a perfumery stick manufacturer. , he doing daddy .rice and perfumery stick sales by van in local.
the amount which we pay in composition scheme is not tax gentlemen its just an amount in lieu of tax. merely reading the section 10 we can interpret that a fixed amount is payable on turnover in state. and if you the see definition of turnover in state it includes exempt supply as well.
Dear Muralidoss
As per Notification 1 /2018 , Manufacturer has to pay GST on Exempted Turnover .
As per Notification 1 /2018 , Manufacturer has to pay GST on Exempted Turnover .
yes pankaj ji is right. the definition of turnover for traders have been amended vide notification 1/2018. but for manufacturers the definition remains same. which means manufacturers will pay composition tax even on exempted goods
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