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?
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.
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.
23 July 2017
Financial benefit will exist if trader dealing with consumers
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
