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.
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Gst query for tax payment
Replies (2)
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 .
Yes, both the cases gst payment is required.
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