Registration for small retailers under gst

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2017 I am a computer shop owner who deals in laptops and other accessories ( both new and old) . My annual turnover is less than 20 lakh. I was not having TIN. Before the introduction of GST, the supplier was delivering laptops and other items without any issues but now the supplier of laptops refuse to give me the goods as I do not have TIN. Supplier is a registered supplier. Will it be necessary for me to register my shop under GST even though my turnover is less than 20 lakh.

Rahul varshney

Rahul varshney (Expert)
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15 July 2017 You are not required to get registration as your turnover is within threshold, but you can take voluntary registration if you want. you can also opt Composition Scheme.

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Studentsca

Studentsca (Expert)
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15 July 2017 Since you are doing business it is advisable to register for GST, you will have to collect from customer and pay to government, you will only have to bear the nominal compliance cost.
If you don't register then you will have to pay GST from your pocket & you can't collect it from your pocket.

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Studentsca

Studentsca (Expert)
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15 July 2017 * collect it from your customers & you will be at loss. Therefore you will to register for GST no.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2017 Thanks Rahul for answering my query. I have one doubt. Supposing if I have opted for composition scheme and I purchase laptops worth Rs. 1. 5 lakh from dealer who is a registered taxpayer. Now the dealer charges me 18% GST (9% CGST and 9% SGST) . Under composition scheme, won't you think I will be at loss as I can't issue taxable invoice to the buyer. So, I will not be able to claim input tax credit. Please clarify.