I am doing business of silk fabrics handloom product n my turnover around 50/60 lace yearly. may I have to take gst nbr?Earlier there is no need as handloom silk fabrics has nothing tax. my whole product goes to party n they export

can any one tell me applicability of Gst in final exams?? is there applicable in may-18

Dear Experts

Why should Mr. X opt for Composition Scheme?

1. He gets no input credit. So it gets added into the cost which makes his product expensive.

2. His customer does not get any input credit of the goods bought from Mr. X. So buyers will prefer the ones from whom they can get credit. Mr. X looses customers.

3. X cant collect tax from customers. So he pays out of his pocket. Why the hell will someone like to do that?

4. Also they are considering aggregate turnover and not taxable turnover.
What common sense is that?

Is there anything I am missing.
What is a single thing which makes anyone opt for this ill thought scheme.

regards
shivani

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If a proprietor is non existing tax payer and his turnover exceeds 20 lakhs , is it compulsory for gst registration , if yes then how he will get provisional id and password.

Hi All, is there any special offer going on to purchase tally. please let me know. also require details on what version and features to purchase in tally. Thanks!

How to process third party sales in GST regime.

Suppose for a scenario where Customer and Sales office are from the same state A, but the Vendor is from the different state B and our Bill to party is from A.

My vendor ships the goods to customer from State B to A with dispatch document ? (Any other documents required?)
He will send the Bill (AP) to my sales office with IGST
Then my sales office will generate (AR) bill to customer with CGST+SGST.

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Dear Sir / Madam,
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