Aware of GST rule, Selection of Composition Scheme is closed on 31st march,2018. Now, Can we change from the Monthly return to Composition tax Scheme? Give advise.
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 June 2018
No...
It's available only next FY...
It's available only next FY...
R RAMESH
(ACCOUNTS CONSULTANT)
(22 Points)
Replied 07 June 2018
Respected Sir,
Following are my questions:
1) My Client purchased the Goods in the month of DEC'17. He missed the bill in the month of DEC'17. While filing GSTR-3B for Dec'17, Client not taking the input credit for the above mentioned bill. Supplier account the bill in the month of Dec17. That bill displayed in GSTR - 2A in my Client GST Website. Now I account the Purchase bill within the FY 2017-18. Subsequently I can take Input Credit in my GST A/c.
Thanks - R.Ramesh - Accounts Consultant - Vellore,Tamilndu
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 June 2018
@ R RAMESH.,
Yes... You (client) can take the ITC in Your next GSTR 3B return (if it's Jan 18 or Upto September 18).
Yes... If You are not taken ITC then Your GSTR 2A and GSTR 3B will be mismatched at the time of reconciliation. But, it's not a matter. Also we have time to taken ITC Upto 1year from the date of invoice or on or before annual return. So, no need to worry...
Yes... You can book the Purchase bill in FY 17-18 and C/f the ITC to Your next GSTR 3B return when You take the ITC...
If you have any doubts please ask the same way...
Also thank You for asking the query here...
Yes... You (client) can take the ITC in Your next GSTR 3B return (if it's Jan 18 or Upto September 18).
Yes... If You are not taken ITC then Your GSTR 2A and GSTR 3B will be mismatched at the time of reconciliation. But, it's not a matter. Also we have time to taken ITC Upto 1year from the date of invoice or on or before annual return. So, no need to worry...
Yes... You can book the Purchase bill in FY 17-18 and C/f the ITC to Your next GSTR 3B return when You take the ITC...
If you have any doubts please ask the same way...
Also thank You for asking the query here...
Vinod Babu
(24191 Points)
Replied 07 June 2018
Continue with regular type and file GSTR 3B returns monthly.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 07 June 2018
In Books enter that bill in December month only As there is no provision to revise the return in GST,... Take the input of the same in your current 3b
As FY being changed so do prepare the reconciliation statement for the same
As FY being changed so do prepare the reconciliation statement for the same
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