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Gst query for tax payment

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Kollipara Sundaraiah

B.com

3025 Points Posted on 07 November 2021

a business person voluntary composite scheme registered in gst act (below rs:40 lacs turnover limit)
and
a business person voluntary regular scheme registered in gst act(turnover rs:40 lacs limit)
question:
1.dealer voluntary composite scheme registered after sales turnover upto rs:40 lacs tax payment not required.
2.dealer voluntary regular scheme registered after sales turnover upto rs:40 lacs tax payment required.

Replies (2)

Quick Summary

This discussion clarifies GST tax payment requirements for businesses registered under both the voluntary composite scheme (under £40 lacs turnover) and the voluntary regular scheme (up to £40 lacs turnover). It confirms that tax payments are indeed required in both scenarios, as all provisions of the CGST Act 2017 apply to voluntary registrations under Section 25(3).

prasad Nilugal

GST Practitioner & Accounts

15150 Points Posted on 08 November 2021

In both the cases tax payment is required , even if you voluntary registered .As per section 25(3) of the CGST act 2017 all provisions of the ACT will be applicable to voluntary registered person under GST .