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
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??
CAclubindia
