About gst for small pay scale retail.
ankit kumar (2 Points)
23 March 2020ankit kumar (2 Points)
23 March 2020
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 23 March 2020
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 .