If a composition dealer taxable sale 250000
and Exempted sale 150000
Total sale 400000. can i pay tax only for taxable sale or exempted also
2 Replies
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 10 August 2019
Appears to be payable on exempted supplies as well excl. interest income
Shivam RC
(Student)
(23683 Points)
Replied 10 August 2019
Are you a Trader or a Manufacturer ???
If you are a Trader then you have to pay GST only on the Taxable Supply of Goods and not on Exempted Supply.
If you are a Trader then you have to pay GST only on the Taxable Supply of Goods and not on Exempted Supply.
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