Turnover For Non Registered Period.


Anonymous
watch_later 1 week, 1 day ago

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.

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1 Answer

AMBER SHARMA watch_later 6 days, 7 hours ago
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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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    But in this case his turnover is Rs 42 lakh in F.Y. 2019-20 so his liability for GST registration arise when his turnover cross the threshold limit of Rs 40 lakhs and he will liable for payment of GST on also Rs 200000 and also on Turnover of April-20 to Sep-30 along with interest at the time of filing of CMP-08 for OCT TO DEC-20 Quarter. - AMBER SHARMA
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