GST

Hi

Its not advisable to charge gst on exempted supply.

Hope it helps 

Charging tax on exempted supply wont save you from reversing the ITC on capital goods.

Even if you wrongly charge GST then also when GST department comes to know about it you will have to reverse ITC and they may also ask for interest then.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you.

Hi,

Charging GST on exempted supply leads to unnecessary trouble rather than solving your issue. You might have to pay interest amounts when the department issues notices. 

Hi,

Charging GST on exempted supply is not the solution.

You will have to reverse the ITC on capital goods.

Please call to discuss in length.

Hello,

It won't be a wise option to charge GST on exempted goods just to avoid reversal of input tax credit of capital goods.

I hope this answer satisfies your requirement.

Regards,

CA Hunny Badlani

Taxes should not be collected on the products which are absolutely exempted from the GST. It is not proper recluse not to reverse ITC just because it is cumbersome. Reversal of ITC will be required or else you may choose not to avail ITC at the beginning by taking a safe percentage let's say 5%, which may be approximately higher than your exempt sale percentage.

Should you need any help in respect of GST compliance, you may reach out to me.

It is better to charge GST on paneer and get it branded.

Apply for Trademark and then collect proper GST.

Get registered trademark, make it branded and charge GST on it as branded paneer sales.

Apply for trademark and charge GST on paneer.