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CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 09 July 2017

and you are talking about account.....you should know that composition dealers have to make all accounts that a regular dealer have to make......except input/output tax account......only relaxation is that a composite of dealer can make summary stock account instead of detailed one....

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Rounak Varshney (Business) (276 Points)
Replied 09 July 2017

I know lots of small kirana wala who didn't know how to start computer, now they are file gstr-1 itself....good joke,😁😁

Rounak Varshney (Business) (276 Points)
Replied 09 July 2017

my friend using this app and filing return is different thing, person who has full knowledge of gst can file easily. If everyone starts filing their own returns and starts follow compliances itself then there is no need of CAs and accountant

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 09 July 2017

see I'm not saying you should only take regular registration ....all I'm saying do the math before taking decision and that's what we ca are taught....do the cost benefit.....in this case the person asking question is seems to me well educated....and that's why I have asked to think about both option.....like you I am not saying him do close eye and follow what I'm saying..... I'm just saying one should consider both the option....if he is not able to maintain accounts himself than he should go for composition....but if he can (which I think he can) than why not do it and save money....

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 09 July 2017

and by the way if you think CA become CA to file return than I am sorry, but you are undervaluing value of CA.....I have to say that I didn't give 4-5 years of my career to help people in filling return which a graduate can learn easily

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CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 09 July 2017

I am not going to argue further with you...peace out

Rounak Varshney (Business) (276 Points)
Replied 09 July 2017

I am not say CA will file Return itself but there are lots of things apart from return which CA shall should see. In Return also he will give assistance to client

Rounak Varshney (Business) (276 Points)
Replied 09 July 2017

me also didn't want to take part in unnecessary debate. I know I am right.

Faraz (Student) (236 Points)
Replied 09 July 2017

Originally posted by : Akhilesh Kumar Kandpal
	my father also have composition registration......government is saying that composition dealer do not have to do much compliance....but reality is that we have to do all the things which regular dealers do except return filling....

Absolutely correct. Those who are doing an indepth analysis of the Acts and Rules know that govt is underplaying by saying compliances are very less.

A composition dealer has to:

Maintain records of inward and outward supply of goods/services, stock of goods, tax paid [Section 35(1) of CGST Act]
Comply with provisions of Reverse Charge Mechanism [Section 10(1) of CGST Act]
Pay tax on stock held as on date of opting Composition Scheme, under Reverse Charge Mechanism [Rule 5(1)(c) of CGST Rules]

1 Like

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 09 July 2017

people are thinking that gst composition scheme is like earlier vat scheme.....but they will change there views after studying conditions and requirements of composition scheme...