IF A COMPOSITION DEALER SELLS EXEMPTED GOODS MEANS,
IT IS TAXABLE OR NOT?
Exempted goods for composition dealer
MURALIDOSS (INCOME TAX PRACTITIONER) (1329 Points)
11 April 2019
6 Replies
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1329 Points)
Replied 11 April 2019
SO,
HE CAN DO COMPOSITION TAXABLE SALES 1% GST (.5+.5) FOR 25000/- , AS WELL AS HE CAN SELL ALSO EXEMPTED GOODS FOR RS.50000/- IN GSTR 4.
RIGHT SIR?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 April 2019
As per Notification 1/2018 CT Dated 1/1/2018: the Composit dealer is not reguired to pay GST on exempted supply
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 April 2019
Sorry dear it's Notification 1/2018 CT.
Can sell as exempted , no need to charge GST
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