a person in trading fully nil rated goods more than a value of rs 20 lac. does registration required?? and wat if d person is trading in nil rated goods n taxable goods from same firm n takes a gst regn in composition scheme now 1% will b payable on total turnover or only taxable sales portion
12 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 06 July 2017
Yes Required As Per Section 23 Of GST
Every supplier whose aggregate turnover exceeds Rs. 20 Lacs (10 Lacs for special
category states) in a financial year is liable to get himself registered in a state from
where he makes taxable suppliers.
Aggregate Turnover means the aggregate value of
all taxable supplies, exempt supplies, export of goods or services or both and inter-
State supplies of a person having same PAN, to be computed on all India basis and
excludes CGST/SGST, IGST, UGGST and cess.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 06 July 2017
Whether you supply other than Nill Rate Goods & Services ?
ujjwal goyal
(8 Points)
Replied 06 July 2017
sir i quoted both situation..
in 1 scenario only nil rated supply more then 20 lac
nd in other scenario taxable n nil rated both in composition den 1% is payable on total or only on taxable suppy portion
in 1 scenario only nil rated supply more then 20 lac
nd in other scenario taxable n nil rated both in composition den 1% is payable on total or only on taxable suppy portion
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 06 July 2017
In Second You Required to Pay GST only On Taxable Good & Services,
ujjwal goyal
(8 Points)
Replied 06 July 2017
sir wat is the hsn code for readymade Garment traders.. the trader deals in kids gents n ladies Garments.. like normal jeans, shirt, t-shirt, and woolen items
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 06 July 2017
HSN Code- 62
Descripttion - Articles of apparel and clothing accessories, not knitted or crocheted, of sale
value exceeding Rs. 1000 per piece
I am also attched pdf file of HSN
Attached File : 1937573 20170706235422 goods rates booklet 03july2017.pdf downloaded: 305 times
SHIVANK MITTAL
(13 Points)
Replied 07 July 2017
what is the HSN code for minerals and proceed minerals. minerals understand ocar and cement color and lime
SHIVANK MITTAL
(13 Points)
Replied 07 July 2017
what is the HSN code for minerals and proceed minerals. minerals understand ocar and cement color and lime
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 07 July 2017
@ ujjwal
1- if you sale only exempted goods than registration is not required.
2- if you sale both type of goods and took composition scheme than you have to pay 1%(2% in case of manufacturer) on taxable as well as exempted goods......
1- if you sale only exempted goods than registration is not required.
2- if you sale both type of goods and took composition scheme than you have to pay 1%(2% in case of manufacturer) on taxable as well as exempted goods......
vishnu mittal
(Accountant)
(36 Points)
Replied 15 July 2017
SIR, IN GST RAGISTRATION OF PVT LTD COMPANY FOR AUTHORISED SIGNATORY ITS REQUIRED,
LETTER OF AUTHORISATION OR COPY OF RESOLUTION PASSED BY BOD. SO IF FORMAT IS AVAIL PLS SHARE ME
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