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Regarding GSTR - 4

Final 129 views 1 replies

veera pavan kumar

SELF EMPLOYED

109 Points Joined February 2014

Can any one help regarding my query on gstr 4. My issue is ours is a trading concern and we are a composition scheme dealer we are selling the Nil rated good rice. There is no rate of tax on it under GST. But in gstr-4 there is only 3 rates 1, 2, 5 now where should we declare our turn over. Awaiting for the reply

Replies (1)

sonu kumar Choudhary

Chartered Accountant

145 Points Joined March 2012

Hi veera pawan,

The composition scheme should be three types of rate 1% (for trader) , 2% (Manufacture) and 5%( For Supplier of food or drink for human consumption without alcohol) (as applicable in your case) of turnover . So, you have to pay the the tax on the the turnover .