I got new client who not filed a single return since registration. He is service provider( Architect). But old consultant who applied for registration , selected composition wrongly.
I withdraw from composition by filing CMP-04 but effective date is allowing only upto 01.04.18. Now portal not allowing to go back to regular scheme for F.Y.17-18. Client issued invoices in 17-18 & charged GST 18%. Please provide expert advice. Thanx in advance.
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Issue in Composition to Regular conversion
Replies (6)
Dear
The date of withdrawal from Composition scheme is 1.4.18 That means you were in composition scheme from July 2017 to March 2018 , hence can opt for regular taxpayer only from 1/4/2018.
File all your composition return & have to file Annual return also for FY 2017-18
The date of withdrawal from Composition scheme is 1.4.18 That means you were in composition scheme from July 2017 to March 2018 , hence can opt for regular taxpayer only from 1/4/2018.
File all your composition return & have to file Annual return also for FY 2017-18
@ Pankaj Rawat But sir that assessee collected GST @ 18% & almost all transactions are B2B. I am planning to file all GSTR-4 nil for 17-18 & to show all the sale in GSTR-1 & 3B of F.Y.18-19. Will it work , sir?
whether all the bills are b2c or b2b
@ mahesh mundra....90% B2B invoices
Yes good idea but you have to pay the interest for the liabilities
Ya. Thats inevitable.
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