Quarterly return in gst

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2017 Dear Experts,
please enlighten me which assessee will file quarterly return in GST,

Thanks & Regards
Abhishek Gupta

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

01 June 2017 Assessee who opts composition scheme up to 50 lacs turnover within the state has to file quarterly return in GST.

Studentsca

Studentsca (Expert)

01 June 2017 Registered person who opt for Composition Levy under section 10 of CGST Act shall be eligible for filing quarterly returns.

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2017 sir. which assessee can opt composition scheme. what its procedure & criteria

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

01 June 2017 Assessee having turnover up to 50 lacs and trading within the state can opt for this scheme. GST payable at the rate of 1% not to be passed on to buyers.

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2017 ok sir. i am having turnover below 50 Lakh hence i am eligible for composition. pls let me know in composition scheme will only 1% GST be charged in the invoice

Studentsca

Studentsca (Expert)

01 June 2017 You are not allowed to charge GST. You will pay GST at the rate of 1% of your turnover. You are not allowed to raise tax invoice either. You will issue Bill of Supply instead of Tax Invoice.

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