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Liability of composition dealer
if the composition registered dealer having turnover below the threshold limit of Rs.40000/- , need to pay tax or not.
Replies (5)
Yes, once registered under the act, there is no exemption limit; have to pay GST....
Yes once you have registered you are liable to pay Tax even though your turnover decline to threshold limit
You need to cancel Gst registration if you have turnover below threshold limit.
if you need it , then you will have to pay GST on turnover not matter of amount of turnover
if you need it , then you will have to pay GST on turnover not matter of amount of turnover
Then please justify the advantages and disadvantages of continuing with GST registration
Turnover is not a base for pay GST Tax liability,but threshold turnover over limit is Applicable for GST Registration.
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