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Gst

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(Querist)
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?
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CA Altamush Zafar

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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
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TAPAN DEY

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TAPAN DEY (Querist)
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.
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CA Altamush Zafar

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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.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
23 July 2017 Financial benefit will exist if trader dealing with consumers
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