Deciding factor between composition scheme and normal scheme
This query is : Resolved
10 July 2017
Dear All,
how can we Decide wether to opt for Composition scheme or Normal scheme so that we can get the best benefit out of GST ?
Regards,
Zoheb Pardesi
how can we Decide wether to opt for Composition scheme or Normal scheme so that we can get the best benefit out of GST ?
Regards,
Zoheb Pardesi
CA Rashmi Gandhi
(Expert)
10 July 2017
Get clarified watching this....
GST Presentation https://www.caclubindia.com/share_files/details.asp?mod_id=73459
CA S K MISHRA
(Expert)
10 July 2017
In case of small trader/Manufacturer/ Restaurant service provider i.e turnover less than Rs.75 lakhs ( Rs.50 lakhs for specified state) it is advisable to opt for composition scheme, as there are less compliance and need not to issue Tax invoice to buyer, no monthly return, qtrly deposit of GST and many more advantages.
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