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GST Composition

159 views 2 replies

santhosh

accountant

128 Points Joined February 2009

one of my client crosses his sales in Jan 18 Rs 1Cr under COT (total sales 17 18 is 1.43Cr in gst)
he has filed COT return
now in Nov 18,he asked me to that he has to be file normal return after crossing limit of 1 Cr

now not possible to file it ,
what I can do ?
can I add such turnover in this month ?

can he claim ITC of that period ?after crosing that limit

Replies (2)

madhavan venkataraman

36 Points Joined November 2018

neither you have applied for opting out nor dept had sent any notice in Jan 18 the option is now apply for opting out though rule provides for before apr 2018.

however apply with condonation. you are eligible for itc only input recd from the date of opting out composition.

for the ye mar 2018, you may receive notice for non compliance.

so do not delay your action