composition vs regular!!

367 views 9 replies

indian public

7 Points Joined July 2017

i am a trader of annual turnover 40lakh , and i get profit about 10% of turnover...
is composition scheme is good for me?

Replies (9)

SUPRABH JHA

13 Points Joined July 2017

if you r retailer so good

Sameer Sawant

32 Points Joined March 2017

do cost analysis. under composition you cannot claim input tax credit.

indian public

7 Points Joined July 2017

what is input tex credit?

Sameer Sawant

32 Points Joined March 2017

input tax credit is GST paid on purchase of material from registered taxable person

Ansaar Malik

4 Points Joined July 2017

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sameer sawant ji!!!
means if a product is manufactured and wholesalers paid gst tax on it than we get the product from wholesaler , and than he also put tax on us ,, than we have paid 2 time gst on a single product!!!!
how government take 2 times gst on a single product!!!

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

MR. INDIAN PUBLIC.,
WHY NOT YOU ASK ABOVE QUESTIONS TO "CBEC HELP DESK, GSTN HELP DESK, HONBLE MINISTER MR. ARUN JAITLEY HELP DESK AND PMNM HELP DESK.....?