Menu
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
Recent Topics :
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
Related Topics :
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
