14 May 2018
You can take decision by making a cost benefit analysis. Compare the amount of Composition tax payable by you versus difference between out GST and Input GST. If Composition tax is more, do not go for composition.
Turnover is not the base to accept the scheme which is beneficial for us will take and do the further process. 40 lakh is my turnover and beneficial to take regular scheme of ITC. it is ok please confirm.
23 May 2018
PL SUGGEST IN ABOVE MATTER TURNOVER IS 40 LAKH MAY I GO FOR REGULAR SCHEME UNDER GST AND TALE ITC BENEFIT ON MY PURCHASE AND WHAT GST RETURN SHOULD TO FILE ON MONTHLY BASIS
23 May 2018
You need to mail full detail of products traded by you, your purchase price and sales price and taxable service and other inputs received by you, then only it will be possible to advise.
28 May 2018
SMALL RETAIL CLOTH SHOP MOSTLY ALL LOCAL PURCHASE ONLY SOME ENTRY OF INTER STATE PURCHASE IN THE YEAR AND TOTAL LOCAL SALES AND PROFIT MARGIN 10 TO 15% ON PURCAHSE PRICES
PLEASE GUIDE TO GO FOR REGULAR SCHEME AND TAKE ITC BENEFIT OR NOT
CAclubindia
