Exempted sales in gst
Ramesh patel (Business) (190 Points)
31 March 2020experts kindly clear this doubt
Ramesh patel (Business) (190 Points)
31 March 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 01 April 2020
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 01 April 2020
No there will be no interest & penalty as no tax has been lost by the government.
You can report the exempted sales while filing the Annual Return for FY 2018-19
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India