9911796707
TMI Blogcompostion scheme to regular in the middle of the yearX X X X Extracts X X X X X X X X Extracts X X X X ..... compostion scheme to regular in the middle of the year X X X X Extracts X X X X X X X X Extracts X X X X ..... br>I am a composition dealer service provider nearing Gross turnover upto 50 lacs which i may achieve in the march month 1st week, i want to know how to file the return for the period Jan to Mar, can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i file a normal compostion dealrer return and from next year onwards i will switch over to regular tax scheme, or during this period also i have to pay full tax on turnover over and above 50 lacs kind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly advise Reply By KASTURI SETHI: The Reply: You will have to file both returns in a routine manner. For more details, peruse Section 18(1) (c) of CGST Act. Reply By Shilpi Jain: The Reply: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The moment you cross 50L you have to switch over to regular scheme. So invoices issued under regular scheme file as a regular taxpayer For invoices issued for the period prior to this file compositio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n taxpayer returns for Jan to Mar period.
Reply By Shilpi Jain:
The Reply:
Ensure that when you switch over to regular tax scheme in this FY, you take the eligible credit if any in your stock. X X X X Extracts X X X X X X X X Extracts X X X X ..... iscussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
