GST exemption limit
This query is : Open
Himanshu Rupela
(Querist)
04 July 2017
I own a business having turnover of rupees 5000 a day approx
from 1st of July 2017 I am writing all the sales in sales book if my turnover doesn't exceed the limit of 20 lacs and also I issue bill of supply to all the customers what should I do then
1 should I opt for composition scheme or go for normal registration
2 should I levy any tax on the amount of Bill of supply for GST invoice
3 if I opt for composition scheme how many returns I have to fill in a year
CA Rashmi Gandhi
(Expert)
05 July 2017
1. Composition is better optin if not purchase feom unregistered dealer
2. No tax levied in bill of supply.
3.File 5 returns in a year.
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