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is there any sceme for 1.5 crore regular dealer

Rani Raj (63 Points)

20 October 2017

what can i do if my turnover is less than 1.5 crore

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9 Replies

RAJA P M ("Do the Right Thing...!!!") (127127 Points)
Replied 20 October 2017

1. From October you ll be file your GSTR 1 2 and 3 returns as Quarterly return.... (In my view it's just confusing at the time of filing if you have huge no of bills)

2. You can pay your Tax liability Quarterly from October.

3. You don't want pay tax on advance receipts..

srinivasa prabhakar (18 Points)
Replied 20 October 2017

As per the notification the quarterly filing is from Jan 2018

Rani Raj (63 Points)
Replied 20 October 2017

is there any process for 1.5 crore sceme

RAJA P M ("Do the Right Thing...!!!") (127127 Points)
Replied 20 October 2017

@ Mr Rani Raj.,
What is your exact query and requirement...?
Amendment passed on 13th October. After the Amendment we will process our business if it's applicable to our business / profession...

Rani Raj (63 Points)
Replied 20 October 2017

how i show my turnover is below 1.5 crore..

RAJA P M ("Do the Right Thing...!!!") (127127 Points)
Replied 20 October 2017

🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔

Oh god....
I don't know how is show your T/O is less than 1.5cr...

Your total Aggregate income is less than 1.5cr that is called your T/O....

Rani Raj (63 Points)
Replied 20 October 2017

is there any deceleration form to be filled in gst

RAJA P M ("Do the Right Thing...!!!") (127127 Points)
Replied 20 October 2017

No more declaration form.
Your GSTR 1 return automatically calculate your T/O. Also you can consider your transaction details in a year...

Dr. ShamsheerKhan (Director of S S Associates) (968 Points)
Replied 20 October 2017

@ Rani Raj

If you are migrated person from previous tax Regime then you should consider your last financial year turnover

Or Else

If you are new tax payer from this financial year then you have to declare it. The declaration process of your expected turnover in this financial year is yet to be started by GSTN (expected to start from January 2018)
As of now and upto December you have nothing to do except filing returns GSTR 1,2&3 from July to September and GSTR3B from July to December.