Composition scheme.

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Student CA Final
11857 Points Joined May 2015
@ Debasish... No problem at all... Only things matter GSTR1 should be filed correctly and when u enhance ur sales.. Then output tax liability paid with interest
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On 01 December 2017 at 10:57 Report
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Student CA Final
11857 Points Joined May 2015
@ Debasish... No problem at all... Only things matter GSTR1 should be filed correctly and when u enhance ur sales.. Then output tax liability paid with interest
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On 01 December 2017 at 10:57
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ACCOUNTANT
42 Points Joined August 2017

ok thanks @ Divakar

as per govt guidlines the Registered persons with aggregate turnover up to Rs. 1.50 crores will file GSTR1 on quartly basic but there is no such form to file Quartly basis.??

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On 01 December 2017 at 11:03
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Student CA Final
11857 Points Joined May 2015
Wait for some time for further notification... Windows will open soon... Everyone is waiting for that... Bcz july Gstr1 already filed before that notification
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On 01 December 2017 at 11:11
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ACCOUNTANT
42 Points Joined August 2017

yeah exactly

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On 01 December 2017 at 11:13
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"Do the Right Thing...!!!"
128121 Points Joined January 2015
Originally posted by : Debasish
is there any problem if i will rectify GSTR1(JULY) and the output will incrase in compared to GSTR3B (JULY).

Problems.... is no more...

But, You ll be pay the Excess tax with Interest...!!!

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On 01 December 2017 at 15:47
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ACCOUNTANT
42 Points Joined August 2017

yeah obviously excess tax will have to pay but what will be the intrest amount ?

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On 02 December 2017 at 11:11
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Student CA Final
11857 Points Joined May 2015
@ 18% p. a from the date it payable to the actual date of payment
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On 02 December 2017 at 11:28
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ACCOUNTANT
42 Points Joined August 2017

then the interest will be paid at the time of fillng of GSTR3 or GSTR1.?

and how could we know that which is the payble date.?

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On 02 December 2017 at 12:29
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Student CA Final
11857 Points Joined May 2015
Payable date is gstr3b last date of that month... Paid now when u find ur liability... And later adjusted in GSTR3
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On 02 December 2017 at 12:39
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ACCOUNTANT
42 Points Joined August 2017

ok thanks

and one more question is that a taxpayer can cancel his GST registration after one year of registration if he will cancel before one year is there be any problem or not ?

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On 02 December 2017 at 12:56
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Student CA Final
11857 Points Joined May 2015
No problem at all if he close his business... Once cancellation of gst windows is open then u can cancel it... Within 6 months of gst registration... Now windows is not open... Wait for that...
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On 02 December 2017 at 12:58
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Student CA Final
11857 Points Joined May 2015
Till the cancellation u r liable for all legal compliance like return filing, tax deposit etc
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On 02 December 2017 at 12:59
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ACCOUNTANT
42 Points Joined August 2017

yeah it is now available in the portal but i have read somewhere that cancelation can only be done after one year of the registration

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On 02 December 2017 at 13:03
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Student CA Final
11857 Points Joined May 2015
Yes u r right... After one year of gst registration u can cancel it
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On 02 December 2017 at 13:05


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