Benefit of composite or regular scheme jewellery shop
This query is : Resolved
25 January 2022
Sir,
A gst registered composite scheme jewellery business dealer sales turnover rs:60 lacs yearly.if dealer convert composite scheme to regular scheme applied recently.
Question:
benefit of composite or regular scheme jewellery business dealer .
A gst registered composite scheme jewellery business dealer sales turnover rs:60 lacs yearly.if dealer convert composite scheme to regular scheme applied recently.
Question:
benefit of composite or regular scheme jewellery business dealer .
25 January 2022
Composition dealer less GST compliance lower tax customers may prefer.
Regular scheme ITC can be availed.
Regular scheme ITC can be availed.
Message likes :
1 times
30 January 2022
Your sales will be mostly B to C. The rate of GST chargeable will be much lower than regular dealer. So it is beneficial to go for composition scheme till you reach the threshold limit of Rs.1.50 cr.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- Adjustment at the beginning of the year
- Bifurcation of prepaid expenses
- Is income taxable or receivable or received in case of LLP and company
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
