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composition vs regular!!

08 July 2017

i am a trader of annual turnover 40lakh , and i get profit about 10% of turnover...
is composition scheme is good for me?

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9 Replies

SUPRABH JHA (13 Points)
Replied 08 July 2017

if you r retailer so good

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Sameer Sawant (32 Points)
Replied 09 July 2017

do cost analysis. under composition you cannot claim input tax credit.

indian public (7 Points)
Replied 09 July 2017

what is input tex credit?

Sameer Sawant (32 Points)
Replied 09 July 2017

input tax credit is GST paid on purchase of material from registered taxable person

Ansaar Malik (4 Points)
Replied 09 July 2017

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indian public (7 Points)
Replied 09 July 2017

sameer sawant ji!!!
means if a product is manufactured and wholesalers paid gst tax on it than we get the product from wholesaler , and than he also put tax on us ,, than we have paid 2 time gst on a single product!!!!
how government take 2 times gst on a single product!!!

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 09 July 2017

MR. INDIAN PUBLIC.,
WHY NOT YOU ASK ABOVE QUESTIONS TO "CBEC HELP DESK, GSTN HELP DESK, HONBLE MINISTER MR. ARUN JAITLEY HELP DESK AND PMNM HELP DESK.....?