in case of trading/business..whether exempted sales will be added to total sales for the purpose of paying 1% GST on it?
if no then what is effective date of this amendment?
5 Replies
mahendra sahoo
(Gst Practicion)
(700 Points)
Replied 29 December 2017
the exempted sales only considered for the assessee's registration under composition scheme
MANISH KUMAR MASKARA
(M)
(199 Points)
Replied 29 December 2017
can u plz tell about the notification for excluding exempted sales for paying 1% GST
prasad patro
(Accountant)
(98 Points)
Replied 29 December 2017
Exempted turnover doesn't included in turnover for paying 1% Gst on turnover as per 23rd Gst meeting dated on 10\11\17 w.e.f 15/11/17
MANISH KUMAR MASKARA
(M)
(199 Points)
Replied 29 December 2017
I have such notification but there is nothing about TO of composition dealers,if u have plz send the link or attached file...
Divakar
(Student CA Final )
(11857 Points)
Replied 30 December 2017
No notification is issued yet... May be considered in next gst council meeting... Till then pay 1% tax on total turnover including exempted supply
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