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Payment of Tax under Composition Scheme

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1 Points Posted on 22 June 2018
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.
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On 22 June 2018 at 12:46 Report
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Accounts
429 Points Posted on 22 June 2018

yes, you have to pay tax . and cancel the registration ,

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On 22 June 2018 at 12:56
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Practice
3235 Points Posted on 22 June 2018
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..
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On 22 June 2018 at 13:16
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Study
106 Points Posted on 22 June 2018
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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On 22 June 2018 at 19:42


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