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GST Composition vs Regular Firms Guide

Tally Prime 5.0

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kalpanapanda0288
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9 views7 pages

GST Composition vs Regular Firms Guide

Tally Prime 5.0

Uploaded by

kalpanapanda0288
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

CHAPTER 7

Composition & Regular


Firm Under GST
Turnover Limit
1.5 Cr से कम 1.5 Cr से ज्यादा
Composition Composition
Regular Regular
Method of Voucher Entry
Composition Regular
GST Not Applicable GST is Applicable

Example - Item A Sold For 1180 Rs.


Item Value - 1180 Item Value - 1000
SGST - 90
CGST - 90
Total Value - 1180
Method of Tax Collection
Composition Regular
Total Value of Sale As per Sold Item
1% to 6% 5%, 12%, 18% or 28%
Disadvantage of Composition Firm
Composition Firm वाला अगर किसी Regular
Firm वाले को माल बेचेगा तो Regular Firm
वाला उस माल की GST Claim नहीं कर सकता या
फिर उस माल की GST नहीं मिलेगी

B2C Sales Suitable for Composition Registration


B2B Sales Not Suitable for Composition Registration
Method of Filling GST Return
Composition Firm Regular Firm
Quarterly Quarterly
(if return Filling Frequency
CMP08 GSTR1 choose quarterly)
GSTR3B

Monthly
GSTR1 (if return Filling Frequency
choose Monthly)
GSTR3B
Name of Sale Invoice
Composition Firm Regular Firm
Bill of Supply GST Invoice
Tax Invoice
Invoice

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