One of my friend has recently started wholesale business interstate. Turnover is less than 1.5 crore. I suggested him for QRMP Scheme.But one of his friend arguing that his CA files return n pays gst quarterly n not monthly.
Can anyone guide me on the same..I am not a practicing CA but working in bank n have less info on the same.
Menu
GST Quarterly payment
Replies (8)
Maybe he is under composition scheme
Hii...no not under composition since he is availing ITC
Then payment has to be done monthly even in the QRMP scheme
That means there is no such provision or exemption under GST where applicant can pay and file return only quarterly and nothing monthly
Filing can be done quarterly but payment needs to be done monthly.
But ,is true interstate supply?
Is something different in inter and intra state supply????
Under composition ,is allow interstate?
Recent Topics :
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
Related Topics :
CAclubindia
