registration under gst
This query is : Resolved
29 August 2017
A person carrying fancy store from last 10 years
And his business aggregate turnover is Rs. 20lack to 22lack.
He wants registration under gst in composition scheme and he is not filling any itr.
What is tha process for registration under gst for on going business.
29 August 2017
For GST registration visit : www.gst.gov.in and fill the form.
You should file the ITR of assessee as GSTIN is PAN based, otherwise will face problem in INCOME TAX
You should file the ITR of assessee as GSTIN is PAN based, otherwise will face problem in INCOME TAX
20 July 2025
Composition Scheme:
Eligible if turnover is up to ₹1.5 crore (in most states).
Pay tax at a fixed rate on turnover (much lower compliance).
Cannot collect GST from customers (so cannot issue tax invoices).
Cannot claim input tax credit.
Ideal for small traders and businesses.
Regular Scheme:
For turnover exceeding composition limit or businesses wanting to claim input tax credit.
More compliance but can charge GST and claim ITC.
Since turnover is ₹20-22 lakhs, composition scheme is available and beneficial if the client wants less compliance and does not want to claim ITC.
Eligible if turnover is up to ₹1.5 crore (in most states).
Pay tax at a fixed rate on turnover (much lower compliance).
Cannot collect GST from customers (so cannot issue tax invoices).
Cannot claim input tax credit.
Ideal for small traders and businesses.
Regular Scheme:
For turnover exceeding composition limit or businesses wanting to claim input tax credit.
More compliance but can charge GST and claim ITC.
Since turnover is ₹20-22 lakhs, composition scheme is available and beneficial if the client wants less compliance and does not want to claim ITC.
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