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Payment of Tax under Composition Scheme
if a business has turnover of Rs. 10 Lakhs, but has applied for voluntary GST registration and opted for composition scheme, is there any need to pay tax and file quarterly returns ?? Or When a business is registered under GST law, is it compulsory to pay tax irrespective of the turnover criteria.
Replies (3)
yes, you have to pay tax . and cancel the registration ,
if once an assessee get voluntary registration then all the provision of act levy on it means you hv to pay tax and limit of 20/10 lacs not applicable on you..
Yes, if your business turnover is less than 20 lakh irrespective of some states where requirement is of 10 lakh, no need of registration under gst, but as you adopt voluntary registration, you are supposed to pay tax and file return
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