Exempted income -GST Payable suomoto -, Goods and Services Tax - GST

[SIVARAMA KUMAR]

Dear experts,

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 of his pocket in cash ( No ITC would be availed or adjusted)

Posts / Replies

[Ganeshan Kalyani]

GST is applicable on the taxable outward supply. It is not on income. It is a tax on the value of 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.

[KASTURI SETHI]

GST or any tax cannot be deposited on one'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.