hello sir good morning.
sir please let me know what is compliance requirements for a grocery store in GST in respect of following:
1. registration
2. GST Payment on MRP product
3. billing
4. exemption
1 Replies
Dileep Panchal
(ASSISTANT CS)
(189 Points)
Replied 02 September 2018
if ur turnover is more than 20 laks then u r liable to get registered under TDS..if ur turnover is less than 1 crore u can opt for composition scheme where u have to file return quarterly and pay just 1% GST on aggregate turnover in the quarter ...no need of maintaining proper Accounting and billing..
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