composition or normal
Gaurav Ghai (58 Points)
17 March 2019
I m running electronics business... which scheme I should out... composition or normal gst...?? most of the goods attract 18% gst
4 Replies
shailendra shukla
(Bhopal)
(1741 Points)
Replied 18 March 2019
how much do you expect your annual turnover to be?....
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 18 March 2019
Yes... If Your Turn Over less than Composition scheme limit then you can avail the option.
Shivam RC
(Student)
(23683 Points)
Replied 18 March 2019
If your Aggregate Turnover does not exceeds Rs.1.5 crore, then you can opt for Composition Scheme.
Since your Turnover is Rs.80 lakhs, you can opt for Composition Scheme.
But remember that you have to pay tax from your own pocket and will not be able to claim any ITC on inputs, input services and Capital Goods.
Since your Turnover is Rs.80 lakhs, you can opt for Composition Scheme.
But remember that you have to pay tax from your own pocket and will not be able to claim any ITC on inputs, input services and Capital Goods.
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