Composition to regular registration problems
This query is : Open
Malay Sutradhar
(Querist)
18 October 2017
One of my friend opted composition scheme and hence No return has been submitted till date as he was supposed to submit quarterly return. Two days before he opt out composition scheme as he will be supplying materials to Govt department. after opting regular scheme the return dashboard is showing monthly basis. He submitted july 3b only as there was no option to submit quarterly return. Please let me know whether he should submit august and september return or wait for few days. Now if he submits august return he will be charged late fees.
CA Rashmi Gandhi
(Expert)
18 October 2017
He has to file return for August & Sept because if not filed by him then he has to pay penalty of Rs.200/- per day
Malay Sutradhar
(Querist)
18 October 2017
He opted to composition scheme in August 2017
CA Rashmi Gandhi
(Expert)
18 October 2017
You opted out from July.So you have to file return from July.....
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