Kollipara sundaraiah asked 11 months ago
A gst non registered dealer sales turnover rs:40 lacs limit above crossed recently and dealer registered composite scheme applied for may-23 month.
Question:
Dealer registered number received after may to june-23 quarter minimum rs:10 lacs above sales turnover report in CMP-08 returns compulsory.
2.dealer each quarter rs:10 lacs turnover show compulsory or not .
Manish answered 11 months ago
Please note that there is no compulsion for reporting minimum sales each quarter or in any quarter…
Only actual sales to be reported in GST Return even if it is less than 10 lakh in each quarter ….or even if it is less than 40 lakh in whole year…
Once you are registered in GST in composition scheme, you have to pay tax on your actual turnover even if it is below 40 lakh…if next year you are sure that your turnover will be below 40 lakh, you may decide to surrender/cancel the GST registration. ..but again when your turnover exceed 40 lakh, you are again required to get GST registration…
Hence there is no requirement of reporting minimum sales…