Exempted income -GST Payable suomoto -

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....xempted income -GST Payable suomoto -<br> Query (Issue) Started By: - SIVARAMA KUMAR Dated:- 27-11-2019 Last Reply Date:- 29-11-2019 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Dear expert....

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....s, Is there any provision under the GST act which prohibits a registered dealer who has not opted for composition scheme, to Pay Gst on his exempted income (without collecting it from consumers ) out....

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.... of his pocket in cash ( No ITC would be availed or adjusted) Reply By Ganeshan Kalyani: The Reply: GST is applicable on the taxable outward supply. It is not on income. It is a tax on the value of ....

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....supply. The registered person has to charge GST by showing the tax on the face of the invoice. There is no tax on the exempted supply. Reply By KASTURI SETHI: The Reply: GST or any tax cannot be dep....

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....osited on one&#39;s own volition. I agree with the views of Sh.Ganeshan Kalyani Ji. Non-provision of such prohibition does not imply that tax can be deposited on exempted supply.<br> Discussion Foru....

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