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Business started on small scale how many times GST return to be filed
07-Jan-2023 (In GST Law)
I have started new business of manufacturing/wholeseller of sarees, dress material, ladies accessiores, handicraft items. The turn over is less than 20 lacs as its new start up.So how many times gst return needs to be filled. What is the benefit for small business.
Dear Sir
As you have told that your turnover is below 20 lacs in a financial year, therefore, GST is not applicable so far as exemption from payment of GST is given by the Act itself.
however, if you wish to pay the GST without availing exemption, you can do so. usually there are 3 periodical returns to be filed every month. however, you can take the benefit of filing the returns on quarterly basis.
our views expressed hereinabove are as per our understanding and therefore should not consider as binding agreement. different views are possible.
As you have told that your turnover is below 20 lacs in a financial year, therefore, GST is not applicable so far as exemption from payment of GST is given by the Act itself.
however, if you wish to pay the GST without availing exemption, you can do so. usually there are 3 periodical returns to be filed every month. however, you can take the benefit of filing the returns on quarterly basis.
our views expressed hereinabove are as per our understanding and therefore should not consider as binding agreement. different views are possible.
Helpful?
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Adv. Vidyadhar Apte
Pune | 25+ Answers
CONTACT NOW
1. Firstly , If your turnover is below 20 lacs then you are under Composition Scheme .
2. Your can file GST return quarterly i.e., Jan-Mar , Apr-June , July-Sept , Oct-Dec .
3. If you are not file previous gst return firstly you can file previous gst return before the GST bill amended for 1 quarterly .
4. You can file GST Return Quarterly under Composition schemes .
2. Your can file GST return quarterly i.e., Jan-Mar , Apr-June , July-Sept , Oct-Dec .
3. If you are not file previous gst return firstly you can file previous gst return before the GST bill amended for 1 quarterly .
4. You can file GST Return Quarterly under Composition schemes .
Helpful?
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