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gst by the retailers on mrp
While buying goods the wholesaler charged 12% on the product we buy which are under mrp. Earlier we brought goods for 208 and sold in 214 mrp... Now the wholesaler are adding gst on that.. And I have to buy it with very less margin. How will I meet my profit
Replies (4)
you can take the credit of gst paid to your supplier
u should opt regular scheme and so u can take all itc on purchase and expenses whether revenue or capital nature. Thus u can maintain yr profit to some extent.
Even if my business is B2C nature....
yes..... credit will be available
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