Composition scheme for retailer
This query is : Open
06 October 2017
How can a Retailer( grocery shop ) pay gst on his sales, who opt for compositions scheme.?
As all the sales are cash sales, so he can show any amount of sale to pay less tax.
suppose his purchases during the quarter is Rs. 5 lac then he can show sale of Rs. 6 lac only but his actual sale may be greater than this, but to pay less tax he can show lesser turnover.
Is this practice correct?
pls suggest if there is any other way...
06 October 2017
No. You have to give actual sales on basis of bill issued by you....
06 October 2017
but in small grocery shop no bills are issued,
So how to determine liability.?
06 October 2017
Determine on basis of amt deposited in your bank a/c.
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