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

Issue Id: - 115714
Dated: 27-11-2019
Exempted income -GST Payable suomoto -

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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)

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Showing Replies 1 to 2 of 2 Records

1 Dated: 27-11-2019
By:- 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.

2 Dated: 29-11-2019

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.


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