Gst on Vegetables and return filing

This query is : Resolved

VIKRANT SINGH (Querist)
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13 November 2017 As GST is exempted from vegetables. Is it important for trader to file GST return. And 2nd Vegetables trader who have GST registration whether they get any benefit on GST inwards on expenses.

CA_Suhani

CA_Suhani (Expert)
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13 November 2017 Once a trader is registered under GST, then return filing is mandatory even if there is a nil return.

Looking into your trade,I dont think there are any taxable inward supplies, since freight on agricultural produce is exempt, vegetables are also exempt. Hence , when no taxable inward supplies, then already you are being benefitted. Question if Input Tax credit does not arise.

Evn though, in case if you have any taxable supplies,you need to reverse the credit relating to exempt outward supplies in the ratio of (exempt turnover : taxable turnover).