I take composition no.on 27 March 2018.earlier I had no any no.i am trader. In return they fill preccedding year turnover &July to September turnover of 2017 will I have to pay tex on turnover of 2017 or not give answer
You do not have to pay tax on earlier turnover.
You need to pay tax only after you have registered under GST. Turnover is asked in return only for information purpose and tax is not charged on this turnover.
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Join Discussion