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composition or normal

17 March 2019

I m running electronics business... which scheme I should out... composition or normal gst...?? most of the goods attract 18% gst

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4 Replies

shailendra shukla (Bhopal) (1741 Points)
Replied 18 March 2019

how much do you expect your annual turnover to be?....

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 18 March 2019

Yes... If Your Turn Over less than Composition scheme limit then you can avail the option.

Gaurav Ghai (58 Points)
Replied 18 March 2019

TO is 80 lac.. tax kis mae kam padega?

Shivam RC (Student) (23683 Points)
Replied 18 March 2019

If your Aggregate Turnover does not exceeds Rs.1.5 crore, then you can opt for Composition Scheme.

Since your Turnover is Rs.80 lakhs, you can opt for Composition Scheme.

But remember that you have to pay tax from your own pocket and will not be able to claim any ITC on inputs, input services and Capital Goods.

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