Exempted sales where present in gstr 4
RAMESH KUMAR MALI (INDIVIDUAL) (24 Points)
17 April 2018please guide to exempt sales where shown in gate 4.
RAMESH KUMAR MALI (INDIVIDUAL) (24 Points)
17 April 2018
CA Deepak kumar
(Chartered Accountant)
(121 Points)
Replied 17 April 2018
Hi
A Composition tax payer has to pay tax at the rate of half per cent of the turnover in the State or Union territory.
Turnover definition as per sec 2(112) - Includes exempt supply
Hence in my view Composition tax payer has to pay tax even on his exempt supplies at the rate of 0.5% CGST and 0.5% SGST
Any other views are appreciated
Thank You
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