Haven't filed gst returns from July.
I am confused as to what data to fill in.
Kindly guide.
Also what might be the penalty /late fees??
Thanks!
8 Replies
CA Nikita Motwani
(Chartered Accountant)
(912 Points)
Replied 26 May 2018
if you don't have any idea then it is better to consult an expert as the late fees is continuously increasing
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 26 May 2018
it's better to cancel your registration
Vinod Babu
(24191 Points)
Replied 26 May 2018
For composition gst returns, you have to file GSTR 4.
Just download the offline utility from gst site.
Fill outwards supplies and upload to the gst portal. Make payments through challans and file your returns.
Just download the offline utility from gst site.
Fill outwards supplies and upload to the gst portal. Make payments through challans and file your returns.
Vinod Babu
(24191 Points)
Replied 07 June 2018
Yes, late fee and interest is auto populated while submitting returns.
Mohammed Goryawala
(727 Points)
Replied 07 June 2018
Oh, and what about Purchases?? And how to calculate Tax Payable?
Vinod Babu
(24191 Points)
Replied 07 June 2018
GST is to be paid on total sales turnover including exempted sales(till 31dec 17) at 1% for normal case, 5% for restaurant.
From 1st jan18, you can pay gst only on taxable sales.
From 1st jan18, you can pay gst only on taxable sales.
Mohammed Goryawala
(727 Points)
Replied 07 June 2018
Oh okay! And i got into Composition Scheme on 1.10.2017 so does that mean I'll have to file Normal returns for the 3 months?
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