I am assuming that his turnover has increased more than Rs. 75 Lakhs, then he will be automatically registered under normal provisions.
And after turnover of Rs. 75 Lakhs, he has to charge GST as per the applicable rates.
Hello sir, Thanks for the info. We have already raised GST tax invoices (with CGST SGST IGST) w.e.f 1st July just like normal tax payers to other regular dealers not knowing that we had been registered as composition dealer. Hence as per your info. after 5th September when the CMP-04 form will be available online for transition & after filling the same, can we pay the July and August months returns with necessary late penalty if any for July? The main reason for same is that our registered customers have already filed our July tax invoices on GST Portal and are waiting for us to file the same inorder for them to get the ITC for that month.
Hoping for your quick reply.
CAclubindia
