Unregistered
This query is : Open
04 August 2017
If an unregistered retailer dealing in textile which was exempted on Vat crosses turnover 20 lakh on October-17 and opts to composite scheme, do he have to pay GST 5% on sales made from 1/7 to 30/9 as the tax was not paid on stock.
05 August 2017
No he will not have to pay tax as registration was not required and he was unregistered.
05 August 2017
You have to pay on stock purchased from unregistered dealer
05 August 2017
Ok, it means that tax liability starts from oct-17 when opts to composite scheme and not have to pay taxes on sale made before the registration.
Am I right??
Am I right??
05 August 2017
Yes............
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