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