Respected Sir,
For example. A company registered under VAT act ( turn over below 50 Lakhs), ,return will be filled in monthly But under GST act below 75 lakhs turnover dealers are come's under composition dealer. They are fill the returned quarterly basis... my question is how to change the monthly return to quarterly return in GST...
please help me...
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Composition scheme under GST
Replies (6)
you dont have to change your last year returns.. you have to file quarterly return from july-sep. quarter
you have to opt composition option from your GSTIN portal. option of opting composition will come within 10-15 days in your profile. it will not automatic convert into composition.
Sir another question.. A company excess input credit carry forward in gst or not..
it will carry forward the same and utilised the same upto 6 month. if the amount is not utilised within 6month then it will lapse.
for carry forward balances you have to submit an application in your old ward of tax to carry forword or you can also apply for refund of input in old department.
for carry forward balances you have to submit an application in your old ward of tax to carry forword or you can also apply for refund of input in old department.
Sir carry forward form is available in GST OR VAT website...
they will be available on vat portal so keep yourself update on website
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