TMI BlogExempted income -GST Payable suomoto -X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 cons ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... umers ) out 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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. - Reply By KASTURI SETHI - The Reply = GST or a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny 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 su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pply . - Exempted income -GST Payable suomoto - - Query Started By: - SIVARAMA KUMAR Dated:- 27-11-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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