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Advice

19 June 2018

A dealer migrated from VAT to GST wef 01.07.2017.His average turnover per month is ₹.70000/-How to file GST Return,he can get ITC and can collect Output tax.Details are send to me.

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2 Replies

Vinod Babu (24191 Points)
Replied 19 June 2018

Yes.. If his registration is regular- file 3B returns. ITC can be taken on his purchases and should collect tax on his sales.

If registration is of composition type, then no ITC can be claimed. He has to pay 1% gst on his sales turnover (including exempted sales till 30th dec 2017) for traders.