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for composition scheme

pawan bharati (47 Points)

25 September 2017

is filing of gstr 3b is compulsory for composite dealers??

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3 Replies

RAMESH KUMAR SINGLA (PROFESSIONAL) (1777 Points)
Replied 25 September 2017

The supplier under composition scheme is required file GSTR 4 (QUARTERLY) AND GSTR 9A (Annual) return.

meenal (manager ) (40 Points)
Replied 25 September 2017

Dear Sir,

A business was registed under GST as regular taxpayer for july and agust but in sep, he has opted composition scheme as turnover wud be less than 75 lacs. He has already filed GSTR 1 for July and GSTR 3b for August and paid the tax dues. Please confirm how can he take credit of the tax paid by him. Alos when we login to gst portal, we cant see the returns filed by him and only open window comes for July-sep. So, does he has to file a quarterly return for July to sep again? what will happen to return already filed and tax already paid

RAMESH KUMAR SINGLA (PROFESSIONAL) (1777 Points)
Replied 26 September 2017

On joining composition scheme, the existing ITC will lapse. You can use the stock of inputs in supplying goods and services at @ prescribed rate for composition scheme.