Gst
This query is : Open
21 July 2017
Dear Sir/Madam.
Which gst scheme would be beneficial for the small traders upto turnover Rs.50 lakhs?
Whether in normal scheme the traders have to pay any tax from their own pocket?
Which gst scheme would be beneficial for the small traders upto turnover Rs.50 lakhs?
Whether in normal scheme the traders have to pay any tax from their own pocket?
CA Altamush Zafar
(Expert)
21 July 2017
For small traders especially when dealing in goods under mrp composition scheme is more beneficial.
However in normal scheme no tax to be paid from own pocket
Message likes :
1 times
22 July 2017
Dear Sir,
Thanks for your reply.
If you kindly explain how composition scheme is more beneficial for small traders it will be great help for me.
Thanks for your reply.
If you kindly explain how composition scheme is more beneficial for small traders it will be great help for me.
CA Altamush Zafar
(Expert)
23 July 2017
Apart from quarterly returns and less compliances related to invoicing there can be also financial benefit. You can mail me for detailed calculations.
CA Altamush Zafar
(Expert)
23 July 2017
Financial benefit will exist if trader dealing with consumers
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