I am composition taxpayer and I sell deities of marble and stone which is rate of gst 5% but now it is exempt so now what I show in my quarterly return gstr4. No any coloum of o% rate in gstr4
6 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 26 July 2018
A composition taxpayers cannot supply exempted goods. If you only deal excempted goods then you don't need to registration....In your quarterly return, you don't need to show exempted supplies.
Raghavendra
(Student CA IPC / IPCC)
(80 Points)
Replied 26 July 2018
including the exempted supply) means 'that person dealing taxable items and also dealing excempted items. He ll be calculate the whole transactions based tax. Ex: Taxable goods sold Rs. 10,00,000lakhs and Excempt Goods Sold : Rs. 5,00,000. Now the total turn over Rs. 15,00,000/-. He calculatethe tax Rs. 15lakh *1%= 15000 payable.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 26 July 2018
Composit dealer can sell exempted goods but not Non GST goods.
Yes there is no column in GST 4 to show exempted goods.
CA Sunil is correct if all your supplies are exempted then you don't need Registration .
Yes there is no column in GST 4 to show exempted goods.
CA Sunil is correct if all your supplies are exempted then you don't need Registration .
Raghavendra
(Student CA IPC / IPCC)
(80 Points)
Replied 26 July 2018
Right but what I said is, if the Dealer is dealing in both exempted and Taxable goods then he has to consider both for tax calculation under composition scheme if i m not wrong
Vinod Babu
(24191 Points)
Replied 26 July 2018
Currently gst has to be paid for taxable goods only.
No need to pay gst for exempted goods.
In GSTR4, there is no option to show exempted sales.
No need to pay gst for exempted goods.
In GSTR4, there is no option to show exempted sales.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 28 July 2018
YES VINOD JI IS CORRECT
NO NEED TO DEPOSIT TAX FOR EXPEMTED SUPPLY (ITS BEING APPLICABLE FROM 1.1.2018)
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