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?
Menu
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
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
