TMI BlogCOMPOSITTION SCHEME DELAER IF WRONGLY ISSUED TAX INVOICEX X X X Extracts X X X X X X X X Extracts X X X X ..... SIR, RAMESH OPTED TO COMPOSITION SCHEME DEALER GST ACT AND WRONGLY ISSUED B2B TAX INVOICE TO MUGESH. CAN RAMESH ISSUE CREDIT NOTE TO MUGESH FOR REFUND OF FULL TAX AMOUNT WRONGLY COLLECTED, FOR THE PURPOSE OF CONTINUE AS COMPOSITE DEALER SCHEME. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In my opinion, you can do so. - Reply By KASTURI SETHI - The Reply = Yes. No problem. I support ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the view of Sh.Maraippan Govindarajan, Sir. - Reply By TM ARJUN - The Reply = THANK YOU VERY MUCH SIRS FOR YOUR IMMEDIATE REPLIES FOR BOTH MR. M.G AND MR. K.S - Reply By Ganeshan Kalyani - The Reply = In my view, there is penalty of ₹ 10,000/- if composition dealer does not mention declaration on inovice that he is a composition dealer and not authorised to collect tax. - Reply By Gan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eshan Kalyani - The Reply = Every composition taxable person shall mention on every bill of supply the words as Composition Taxable Person noy eligible to collect tax on . - Reply By KASTURI SETHI - The Reply = If mistake is rectified by an asseessee on its own I.e. without being pointed out by the department. No penalty is impossible. - Reply By TM ARJUN - The Reply = THANK YOU, MR. GANES ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HAN KALYANJI BUT I WANT TO EXPLAIN THE FACT OF THIS PROBLEM, THE DEALER WHILE REGISTER HIS BUSINESS UNDER GST ACT AS A REGULAR DEALER ACCORDINGLY HE ISSUED TAX INVOICE AND COLLECTED TAX. AFTER GOVERNMENT NOTIFICATION, A DEALER FREE FOR WHO WANTS TO CHANGE UNDER COMPOSITION SCHEME WITH EFFECT FROM NEXT MONTH 1 ST DAY ONWARDS, ACCORDINGLY HE CHANGED AS COMPOSITION DEALER IN HIS SITE. BUT FROM 1S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T NOVEMBER ONWARDS HIS GST SITE DISPLAYS COMPOSITION OPTION FROM JULY-SEP AS WEL OCT-DEC. SO THERE IS NO OPTION TO FILE RETURN AND PAY COLLECTION OF TAX AS REGULAR DEALE., HENCE HE WANTS TO ISSUE CREDIT NOTE BY RETURN TAX AS WEL CONTINUE AS COMPOSITION SCHEME. HERE AS PER VIEW OF MR K.SETHIJI, THERE IS NO ANY RETURN FILED EITHER SIDE. PLEASE GIVE YOUR SUGGESTION. - COMPOSITTION SCHEME DELAER IF ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... WRONGLY ISSUED TAX INVOICE - Query Started By: - TM ARJUN Dated:- 4-11-2017 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
