29 April 2019
SIR, MY BUSINESS TURNOVER FOR FY 2018-19 IS 5841000 /-& I AM FILING RETURN AS REGULAR TAX PAYER . I PURCHASE GOODS FOR TRADING AMT 5000000/-+ GST 900000/- TOTAL 5900000/- , I SOLD 4500000+10% MARGIN 450000/- = 4950000/-+GST 18% 891000/- TOTAL 5841000/- , NOW CLOSING STOCK IS 500000/- , CAN I TAKE COMPOSITION SCHEME FOR FY 2019-20 . ( MY TAX LIABILITY FOR 2018-19 OUTPUT 891000 - INPUT 900000 RECEIVABLE 9000 ) ,
CAclubindia
