Composition scheme for retailer
This query is : Open
06 October 2017
How can a Retailer( grocery shop ) pay gst on his sales, who opt for compositions scheme.?
As all the sales are cash sales, so he can show any amount of sale to pay less tax.
suppose his purchases during the quarter is Rs. 5 lac then he can show sale of Rs. 6 lac only but his actual sale may be greater than this, but to pay less tax he can show lesser turnover.
Is this practice correct?
pls suggest if there is any other way...
06 October 2017
No. You have to give actual sales on basis of bill issued by you....
06 October 2017
but in small grocery shop no bills are issued,
So how to determine liability.?
06 October 2017
Determine on basis of amt deposited in your bank a/c.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Query regarding reporting of exempt foreign remuneration in ITR
- Correction in TDS return New Traces Portal
- TDS refund Indemnity Bond
- PF wage ceiling
- F&O reporting in ITR
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
