Quarterly return in gst

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

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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)
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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)
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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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