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Composition and Regular Same GSTIN

Libissa (Accountant) (325 Points)

04 January 2025

Doing Paver Blocks Manufacture and Sales and GSTIN in Composition paying 1% GST on Total Sales and Doing Fly ash Bricks sales and paying 6% GST Can both sale can show in Composition or for fly ash monthly retrun should be filed

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5822 Points)
Replied 04 January 2025

As a manufacturer and seller of both paver blocks and fly ash bricks, you have different GST rates applicable to each product.

Composition Scheme for Paver Blocks You are currently registered under the Composition Scheme for paver blocks, paying 1% GST on total sales.

Fly Ash Bricks Sales For fly ash bricks, you are paying 6% GST. Since the GST rate for fly ash bricks is different from the Composition Scheme rate, you cannot include fly ash bricks sales under the Composition Scheme.

GST Return Filing for Fly Ash Bricks You will need to file monthly GST returns (GSTR-3B) for the fly ash bricks sales, reporting the 6% GST payable. Separate Registration or GSTIN You can use the same GSTIN for both paver blocks and fly ash bricks sales. However, you will need to maintain separate records and accounts for each product to ensure accurate reporting and GST payment.

Important Points 1. _Composition Scheme limitations_: The Composition Scheme has limitations, such as the ₹1.5 crore turnover threshold, and specific conditions for eligibility.

2. _GST return filing_: Ensure timely filing of monthly GST returns (GSTR-3B) for fly ash bricks sales and quarterly returns (GSTR-4) for paver blocks sales under the Composition Scheme.

3. _Record-keeping_: Maintain accurate and separate records for both products to ensure compliance with GST regulations. Consult a tax professional or GST expert to ensure you comply with all GST regulations and filing requirements.

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Replied 05 January 2025

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