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Composite scheme dealer detailes mentioned below .
1. Sales turnover Quater 4th Januvary to march,2020 Rs.6,00,000/-
2.interest income on sundry debtors( cash loan) Rs.72000/- yearly.
Composite tax payble on sales turnover only. or interest income tax applicable .
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Dear Experts
We are a Labour Law Advisory (proprietary) company registered under GST since July2017 & before that we were registered under Service Tax regime.
1) What is the current turnover limits for service providers under GST because we are planning to surrender GST registration.
2) If we fall under Pt 1 then would the following suffice before we make an application for surrender:
- filing GSTR3B for Mar2020
- filing GSTR1 for Jan-Mar2020 &
- filing GSTR9 for year 2018-2019 & 2019-2020
3) Do we need to take care of any other aspects other than Pt 2.
Your early revert will be of great help.
Thanks
SUNIL
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Tax applicable on interest income