Composition levy and gstr-5

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2017 Hai Sir/Madam,
Please clarify my doubts in GST.
1.What is the treatment for input credit availed when transitioning from normal scheme to Composition Scheme in GST?
2.What about the entire Statement below mean?
(Registered foreign taxpayer shall pay the tax, interest, penalty, fees etc. within twenty days after the end of a tax period or within seven days after the last day of the validity period of registration, whichever is earlier).

Sunil

Sunil (Expert)
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26 June 2017 Normally the registration to Non Resident or Foreign Tax Payer and to Casual Taxable person is given on a temporary basis. If the basis is 90 days, then every month the tax has to be paid within the normal period of 20 days. The last tax payment has to be done within 7 days of the last date of registration unless and until the validity was extended before hand. In any case they are taking advance payment at time of granting registration to such persons. They have specified the whichever earlier so that such persons do not calculate 20 days from tax period in case their registration is lapsing.

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