Taxable or exempted turnover show in cmp-08 returns
Kollipara Sundaraiah (B.com) (2983 Points)
29 August 2022Kollipara Sundaraiah (B.com) (2983 Points)
29 August 2022
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13706 Points)
Replied 31 August 2022
both turnovers are to be shown by adding them as there is no separate column for declaring exempt sales but tax will be payable only on taxable sales. In GSTR-4 you can declare exempted sales under 0% rate column of outward supplies.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 September 2022