my business is textile business.
my average annual turnover is 1.5L pa. and I want to choose composition levy. my doubt is if I eligible to opt composition levy. and
if I opt composition levy what are the benefits for me. and how I furnish my gst1 & gst3b return and what are the due dates for me. filling aforesaid returns.
please guide me.
I dont want to visit any CA or professionals.
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About COMPOSITION LEVY
Replies (6)
Quick Summary
You not need to file gst-1 and gst-3b. you only need to file gstr-4 quarterly on the 18th of the next quarter.
So monthly No return only after complition of quarter I need to file only GSTR-4
Yes u only need to file quarterly return
K tq for your valuable advice
Is it permissible to do government supplies on composite gst?
Dear All,
In Composition Scheme You will have to file Quarterly Form CMP-08 and Annual GSTR-4.
Further you can not avail ITC, you can not charge tax from customers and You can not make Inter state supply into composition Scheme.
In Composition Scheme You will have to file Quarterly Form CMP-08 and Annual GSTR-4.
Further you can not avail ITC, you can not charge tax from customers and You can not make Inter state supply into composition Scheme.
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