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How to keep record small retailer like grocery shop for gst

MALAY DAS (GST PRACTITIONER) (797 Points)

18 January 2017

Respected sir How a retail traders keep bill accounts etc like grocery shop etc to file GST RETURN i.e. outward and inward supply. please advice thanks....

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5 Replies

CA Adarsh Madrecha (Chartered Accountant) (200 Points)
Replied 18 January 2017

It is not practical for a small ~~dealer~~ supplier to maintain all the record for filling GST return.

Hence, there is a limit of 20 Lacs for registration. Even more, there is an option to opt for Composition Scheme.

MALAY DAS (GST PRACTITIONER) (797 Points)
Replied 22 January 2017

Respected sir

Thanks for reply. But I am in north east. here Is 9 lacs for registration. is not it? please reply how they maintain bills sells to consumer? advice thanks......

Nagendra Hegde (Chartered Accountant) (1948 Points)
Replied 23 January 2017

If a dealer is entirely engaged in B2C (business to consulmer), then composition scheme could be a better option. (subject to max turnover of 50L). The record keeping and procedural compliance is comparatively less.

In case if you are not opting/eligible for composition scheme, then there is no other option but to maintain proper books of accounts as may be required under GST provisions. (Sales reg, Purchase reg, ITC reg, copies of invoices and bills etc)

divyani Patel (2 Points)
Replied 05 June 2023

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