Dear sir
my own restaurant I am a ragistard for gst but opt for composition scheme . I am lible for composition scheme. agar hm composition scheme ma ragistard h ab kya karna hogaa.please Gide me
2 Replies
Divakar
(Student CA Final )
(11857 Points)
Replied 08 December 2017
File ITR 4 quarterly and pay gst @ 5% on ur turnover... 2.5% cgst and 2.5%sgst
prasad Nilugal
( GST Practitioner & Accounts )
(14803 Points)
Replied 08 December 2017
1) you have pay 5% GST on your turnover ( 2.5 % CGST & 2.5 % SGST)
2) You can not sale outside sate
3) Not entitled for input tax credits on your inputs (purchase)
4) You shall not collect any amount of tax
5)Isuue bill of supply
6)must mention on bill of supply compostion taxable person not eligible to collect tax on supply
7)Shall metion Compostion taxable person on the sign board displayed at prominent place of the busniess.
8) File quarterly retrun -GSTR4 , annual retrun -info & manual at GSTN wb site
9) Accounts & records -All sales ,purchase , recceipt , payment , debit note, credit note ,
10) record of stock
11) Advance payment received & adjusted
12) All records requried to retain for six years form the date of annual retrun
13) Get accounts audited
14) Digital signature
You are requested please confirm with department of GST for above & more info .
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