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
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.
CAclubindia
