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Liability of composition dealer

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116 Points Posted on 25 October 2019
if the composition registered dealer having turnover below the threshold limit of Rs.40000/- , need to pay tax or not.
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On 25 October 2019 at 17:32 Report
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student
286 Points Posted on 25 October 2019

Yes, once registered under the act, there is no exemption limit; have to pay GST....

13 Reply
On 25 October 2019 at 17:50
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GST Practitioner
55067 Points Posted on 26 October 2019
Yes once you have registered you are liable to pay Tax even though your turnover decline to threshold limit
301 Reply
On 26 October 2019 at 00:06
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20 Points Posted on 26 October 2019
You need to cancel Gst registration if you have turnover below threshold limit.
if you need it , then you will have to pay GST on turnover not matter of amount of turnover
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On 26 October 2019 at 00:13
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116 Points Posted on 26 October 2019
Then please justify the advantages and disadvantages of continuing with GST registration
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On 26 October 2019 at 13:18
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7059 Points Posted on 27 October 2019
Turnover is not a base for pay GST Tax liability,but threshold turnover over limit is Applicable for GST Registration.
33 Reply
On 27 October 2019 at 22:49


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