Hi everyone.. One of client had closed business on 15.01.2020. He is composition dealer and the business is retail sale of textiles. Total purchase is 9.20 lakh and total sale is 7.8 lakh.
1. Should he pay tax on stock?
2. What are the docs required for cancelation of Gst?
3. He did not file annual return for 18-19 as T. O is only 5 lakh for the year. Is it okay? Will it be any problem?
4. Should he need to file final return? If so, when?
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Composition dealer
Replies (1)
1. if your purchase goods from unregistered person then not be pay any tax on stock otherwise to be pay.
2. I think no any document requir for filing of cancellation of gst application. only general information to be fill at the time of cancellation of appliaction.
3. If turnover is less than 5 cr. then voluntary file gst annual return.
4. if you want to file gst annual return on or before 30.09.2020
2. I think no any document requir for filing of cancellation of gst application. only general information to be fill at the time of cancellation of appliaction.
3. If turnover is less than 5 cr. then voluntary file gst annual return.
4. if you want to file gst annual return on or before 30.09.2020
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