Gäste Forum » There are few things that yo

There are few things that you need to consider regarding GST.
They are as follow as:
You will have to take mandatory GST registration once you cross yearly turnover of Rs. 20 lakhs. This includes turnover of everything from taxable Brandon Carlo Bruins Jersey , non taxable exempt Chris Wagner Bruins Jersey , etc.
If yearly turnover is below Rs. 75 lakhs then you can opt for composition scheme as well.
Composition scheme includes 4 quarterly returns and 1 yearly return. Total number of returns to be filed will . Here you will be required to pay 1 % of quarterly turnover at the end of every quarter. But y take credit of GST that has been paid by you and you can even not recover from someone. This will be paid from your own pockets. However this will save compliance cost upto great extent.
Other way is normal GST returns where you need to file 3 monthly returns and 1 yearly returns. The total number of returns will be 37. Here Anders Bjork Bruins Jersey , you can take credit of GST that has been paid and also you don eed to pay from your pocket. However, you will have to bear the cost of compliance which is way more than a composition scheme.

There used to be a time when the Sales Tax officers would suddenly get a dose from the bosses ( who may have been given a dose by the Bobby Orr Bruins Jersey , this happens around the end of the financial year, when people come to realize that revenue collectio as good as it was expected. So the collectors move their butts and visit all the commercial establishments in their area and demand them to pay