A RTP (composite dealer) sales turnover year:21-22 rs:80 lacs
sales turnover year rs:70 lacs 22-23.
question:
Dealer sale turnover increase compulsory every year and scrunity of gst returns provision applicable in gst act
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Turnover increase compulsory
Replies (5)
Quick Summary
Are you asking or informing us ??
No...
It's not compulsory...
Also it can't be compulsory by any dept...
It's not compulsory...
Also it can't be compulsory by any dept...
You may go by actual figures. Scrutiny is system generated based on various risk parameters.
Submit returns in conformity with relevant records everything will be in line.
Composition limits:
• Composition (goods) is allowed if aggregate turnover in the preceding FY didn't exceed Rs 1.5 crore (Rs 75 lakh in special category States). Turnover of Rs 80 lakh and Rs 70 lakh is within the limit, so composition can continue.
• There's no rule requiring turnover to increase. A decrease doesn't affect eligibility.
• If turnover exceeds Rs 1.5 crore during a year, you must exit composition from the day it's crossed (file CMP-04 within 7 days).
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