watch_later 15/10/20

A gst non registered dealer sales of taxable goods turnover RS:42 lacs show in I.t. returns filed in f.y.19-20 but dealer composition scheme new registered applied and gst number received on Dt:03-10-2020.


Turnover of non gst registration period 01-04-2019 to 30-09-2020 and tax payment  compulsory how to show producer  gst composition return.

1 Response | Latest response: 18/10/20 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 18/10/20

Composition scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore. Tax payment liability for a registered dealer shall arise when he obtain registration under composition scheme. So in this case dealer will be liable for gst payment from month of october-2020 in the following manner-

A dealer is required to pay tax in a quarterly statement CMP-08 by 18th of the month after the end of the quarter. Also, a return in form GSTR-4 has to be filed annually by 30th April of next financial year.

He will be not liable for Gst payment of non gst registration period 01-04-2019 to 30-09-2020.


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