Regular or composition scheme
Manish Shaw (Student) (106 Points)
29 April 2020
In case of retail tea merchant which GST registration scheme in beneficial?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 April 2020
As per Your requirements You can go with Composition Scheme...
But,
Better to consider Your business with Your customers.
But,
Better to consider Your business with Your customers.
Shivam RC
(Student)
(23683 Points)
Replied 29 April 2020
If you want to reduce the tedious work of maintaining proper books of Accounts, filing monthly return etc , then better to go for COMPOSITION SCHEME under Section 10. But note that no ITC will be eligible. You have to pay a small percentage of tax from your own pocket.
If you want to enjoy the benefit of ITC, then opt for REGULAR REGISTRATION.
Are you selling any Branded Tea ( like Tata, Brooke Bond brand etc ) ???
If you want to enjoy the benefit of ITC, then opt for REGULAR REGISTRATION.
Are you selling any Branded Tea ( like Tata, Brooke Bond brand etc ) ???
Manish Shaw
(Student)
(106 Points)
Replied 30 April 2020
@ Shivam RC yes sale Branded & non branded tea.
Karthi
(Tax Consultant)
(70 Points)
Replied 01 May 2020
Mr. Shivam, pls write few words about difference between Exempted goods and Tax not leviable goods.. Thanks..
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