Hi everyone.. One of client had closed business on 15.01.2020. He is composition dealer and the business is retail sale of textiles. Total purchase is 9.20 lakh and total sale is 7.8 lakh.
1. Should he pay tax on stock?
2. What are the docs required for cancelation of Gst?
3. He did not file annual return for 18-19 as T. O is only 5 lakh for the year. Is it okay? Will it be any problem?
4. Should he need to file final return? If so, when?
CAclubindia
