we are a small manufacture. Turn Over Rs. 1.50 crore should we maintaine stock in tally for gst return or not.
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Quick Summary
This discussion addresses whether small manufacturers with a turnover of Rs 1.5 crore should maintain stock records in Tally, particularly concerning GST returns. While businesses with turnover below Rs 1.5 lakh have specific filing frequencies, the consensus is that maintaining stock in Tally is advisable and possible for those within the Rs 1.5 crore bracket. Several participants confirmed they do maintain stock records.
The registered persons with an aggregate turn over of less than Rs. 1.5 crore. The registered businesses with an aggregate turn over of less than Rs 1.5 lakh should file quarterly returns.. The returns are usually filed in the month following the GST quarter. However, the businesses will continue to file their GSTR3B every month.