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Composition tax rate change

Shivani (Learner) (1881 Points)

26 July 2018

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

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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.

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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) (55047 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 .

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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