Dear sir, We have Registered GST. But we are eligible to COMPOSITION TAX (below 50 lakhs only total sales). In this situation what formalities following by me. please guide me. your guidance very helpful to us sir. by
S.Rajasekaran
Karaikal.
9486179213
3 Replies
Studentsca
(CA Practice )
(3577 Points)
Replied 04 August 2017
Formalities to be followed are
1. Issue Bill of Supply instead of Tax to all your clients.
2. Pay tax @ 1%, 2%,5% of your turnover if you are trader, manufacturer or into restaurant business respectively.
3. File quarterly returns.
Recent Topics
- E-way Bill Limit In Maharashtra
- Requirement of filing of form MSME-1
- Income tax query capital gain & exemption
- LTCG on flat
- Acquisition Cost after Merger
- Clubbing (Income Tax)
- Sales Invoice raised in feb-25 but now some materi
- Transfer of Nominee Share to Body corporate
- GSTR 4 FOR 24-25 due date of annual return
- Which ITR form required ?
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
