under composition scheme 1% of turnover includes exempted n nik rated items too ?

455 views 7 replies
if a person registered under composition scheme. should he has to pay 1% on nil rated n exempted item such as salt, vegitable seeds etc... ?
Replies (7)

No.

Only over taxable supplies.

 

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

Notification No. 1/2018- Central Tax

New Delhi, the 1st January, 2018

G.S.R. 02(E).— In exercise of the powers conferred by sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 8/2017- Central Tax, dated the 27th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 647 (E), dated the 27th June, 2017, namely:-

In the said notification, in the opening paragraph, –

(a) in clause (i), for the words “one per cent.”, the words “half per cent.” shall be substituted;

(b) in clause (iii), for the words “half per cent. of the turnover”, the words “half per cent. of the turnover of taxable supplies of goods” shall be substituted.

[F. No. 354/320/2017- TRU]

(Ruchi Bisht)

Under Secretary to Government of India

No need pay any GST on exempted sale from 1/1/18 onwards
Gst payable 1% on sales of taxable goods only.
For exempted sales, no need to pay gst wef 1-1-2018.

But in GSTR 4 i cannot find where to enter exempted sale and taxable sales value. so if i enter only taxable sales. my turnoer would be wrong

There is no option to show exempted sales in GSTR4.
So no need to show exempted sales in GSTR4.
so the data provided by us showing for gross turnover would be mismatched
Actually we have the liability to pay gst only on taxable sales in GSTR4.
In books we can show exempted sales but in GSTR4, no option/ table to show exempted sales.
So no need to worry about it.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details