Question ID :
40712
Composition dealer : Tax on Entire sales or only taxable sales
(1) client is in business of stationery.His certain purchases are taxable and certain purchases are exempted. His entire sales is to counter sales to students.
our query that we have pay GST @ 1% on Total sales or only on taxable sales.
(2) client is in business of Medical stores .His certain purchases are taxable and certain purchases are exempted. His entire sales is to counter sales to unregistered persons.
our query that we have pay GST @ 1% on Total sales or only on taxable sales.
Posted by
samirkumar gokulbhai kasvala
on
Jul 06, 2020
Filed Under
GST
In both the scenario it is a trader who has opted for the Scheme accordingly GST @ 1% under composition scheme is to be paid only on taxable supplies (Sr.No. 3 of Rule 7 of CGST Rules)
Posted by
SACHIN AGARWAL on
Jul 07, 2020
Answer ID :
80611
After 1st January, 2018, GST under composition scheme is payable @1% only on taxable supply. Hence in both the cases, GST is not required to be paid on exempted supply.
Posted by
CA. chunauti dholakia on
Jul 08, 2020