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Dealer turnover increased every year compulsory

Kollipara Sundaraiah (B.com) (2984 Points)

22 April 2023

A registered dealer sales turnover rs:85 lacs year:21-22 and sale tyres:80 lacs year -22-23.
question:
dealer sales turnover increased every year compulsory or not any provision applicable in gst act.

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3 Replies

Sandeep Jain (Pivate) (1459 Points)
Replied 22 April 2023

Not Compulsory

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ashish (ca) (82 Points)
Replied 22 April 2023

Under the GST Act, there is no provision that requires a registered dealer's sales turnover to increase every year. The sales turnover of a registered dealer depends on various factors such as market demand, competition, pricing strategy, economic conditions, and business operations.

In the case mentioned, if a registered dealer's sales turnover was Rs. 85 lakhs in the financial year 2021-22 and the sale of tyres was Rs. 80 lakhs in the financial year 2022-23, it means that the sales turnover decreased by Rs. 5 lakhs. However, it's important to note that the sales turnover of a registered dealer is calculated on an annual basis, and fluctuations may occur due to various factors.