For the month of July, August and September, I have to file GSTR 1 and GSTR 3B. But the problem is I haven't collected any taxes on my supplies ( since I thought I was in the composition scheme and just have to pay 1% as the tax. Why I thought that I was in composition scheme, that is altogether a different story), so I am not able to figure out how should I file my returns. Since I haven't collected any taxes from customers, what should I should as my taxable amount, tax rate and so on . Any help in these direction would be highly appreciated.
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Returns in regular scheme
Replies (4)
If you are composition dealer then you ll be pay Tax on Your Turn Over basis...
You can't take ITC in your purchases...
You can't take ITC in your purchases...
(But the problem is I haven't collected any taxes on my supplies)
👆as per above then How to you invoicing your supplies without collecting tax...?
👆as per above then How to you invoicing your supplies without collecting tax...?
Treat the amount mentioned in invoice as inclusive of gst and pay gst
@ Hareesh, if I do that, then I will be paying gst from my own profile value, since I haven't collected that amount from my customers.
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