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About gst for small pay scale retail.
I want to sell online, for which I need a GST number. But I will not have to buy items every month because the demand for the product I sell is not high. Similarly, it is not necessary to have some sales every month. What is the provision for filling GST retutn for this? And what is the law?
Replies (1)
frequency of transaction of sales or purchases is irrelevant for the purpose of GST
if your TURNOVER exceeds Rs. 20 lcas (Rs. 40 lacs in some states) then yes you need to get registered under GST
OR you can take voluntary registration under GST (irrespective of Turnover)
Note : As you mentioned that you will sell products online (via ECO) so here you can not opt foe the COMPOSITION SCHEME .
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