Hello Friends,
Is it necessary to pay tax under GST for sale of exempted or zero-rated goods @ 1% under composition scheme? I deal with all taxable, exempt and zero-rate goods. Kindly clarify.
Some say i need to pay 1 % on exempt and zero rated as well. please clear my confusion.
I feel that is unfair to pay tax on exempt or zero-rated goods under composition scheme, while there is no tax liability for a regular taxpayer for such goods.
Thanks in Advance.