Started a new medical shop. Not yet registered and started selling and collected tax at normal rate on previous sales. Planning to get registered under composition scheme. now how billing should done untill get registered?
15 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2018
(Not yet registered and started selling and collected tax at normal rate on previous sales)
How to you collect Tax at normal rate without registered...?
You mean MRP rate....
After get registration as Composition dealer then You ll billing based on BOS and Pay Tax on Sale value @ 1% (CGST @ 0.5 percent & SGST @ 0.5 percent)
How to you collect Tax at normal rate without registered...?
You mean MRP rate....
After get registration as Composition dealer then You ll billing based on BOS and Pay Tax on Sale value @ 1% (CGST @ 0.5 percent & SGST @ 0.5 percent)
Ashish
(Accounts)
(54 Points)
Replied 10 July 2018
You can't be raise any tax invoice including Gst due to u r not register yet. u can raise normal bill total amount without showing gst on invoice.further if u already applied for composition scheme then you can raise as composition Invoice.
anupama
(industrial trainee)
(79 Points)
Replied 10 July 2018
thank you for your valuable replies sir. how to treat mistakes already done?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2018
What are the mistakes on previous?
Explain Yourself...!
Explain Yourself...!
Ashish
(Accounts)
(54 Points)
Replied 10 July 2018
Unofficially u Destroy all those invoice you have raised with Gst. on subsequent raise all the invoice re again. raise same invoice and same amount only not show any gst on invoice. Note Important , if you have raised any invoice to any register customer then it will difficult. ask the same customer for changing the bills..
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2018
No need to confuse. If she charged any Tax and customer can't claim without GSTIN of supplier. Don't be confused. First of you tell what are the mistakes you did?
Ashish
(Accounts)
(54 Points)
Replied 10 July 2018
Right...But customer might have not seen at the time of received bill and can claim gst amount after checking...further let her clarify the mistakes done. After will better suggestion...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2018
Wait Wait...
Wait on further reply from Querist...
Wait on further reply from Querist...
anupama
(industrial trainee)
(79 Points)
Replied 10 July 2018
Raja sir, my query is sales already done and invoice raised including GST mentioned in invoice. now planning for composition registration. how already tax collected and invoice raised should be corrected
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2018
Are you charged basic value + GST (ex: 100 + 10 = 110) or full value as 110...?
Also I think if it's medical shop then no way for exceeding MRP.
Also I think if it's medical shop then no way for exceeding MRP.
anupama
(industrial trainee)
(79 Points)
Replied 10 July 2018
Ashish sir no sales has been made to registered person..even if done that's gonna be paid by him in reverse charge under sec 9(4)
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2018
No need to worry if no more sales to Registered dealer...
Vinod Babu
(24191 Points)
Replied 10 July 2018
Without gst registration you should not have collected the tax.
You can take gst registration in composition scheme. While filling the registration, put the liability date on which you started making sales.
In the sales invoice mention " Bill of supply".
So finally you can pay 1% Gst on your sales prior to gst registration.
You can take gst registration in composition scheme. While filling the registration, put the liability date on which you started making sales.
In the sales invoice mention " Bill of supply".
So finally you can pay 1% Gst on your sales prior to gst registration.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 July 2018
no need such activities based on MRP sales on or before or after GST regime
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