I'm doing business of computer repairng and CCTv installations..my last 10months purchasing of material is approx 10 lac.. and I'm not registered in gst shld I take registation will it be beneficial???
and in composition or nrml scheme??
plz guide🙏
Menu
Computer sales & service
Replies (8)
Quick Summary
Threshold limit for business after which gst registration is compulsorily required is ₹40 lacs.
As of now, it is not compulsory for you. But if you wish you may obtain gst registration in which case you'll be able avail benefit of gst paid on purchases.
I don't see any reason for you to opt for composition scheme as of now.
@ CMA Poornima Madhava
1.should I go for quarterly scheme then?
2.my most of clients are B2C only 20% are b2b.. according to ur professional opinion what shld I do ?
1.should I go for quarterly scheme then?
2.my most of clients are B2C only 20% are b2b.. according to ur professional opinion what shld I do ?
Qrtly
Not compulsory to take Registration
I understand that in business not being registered under GST is a big limitation. For this reason, you may consider getting yourself voluntarily registered.
In your case, since most of your sales are B2C, composition scheme is also good. But you will not be able to sell interstate. Also, no input tax credit.
Another option would be to go for regular registration and opt for quarterly return.
If your supplies are b2c and you are not dealing with goods in which mrp is mandatory then go for composition scheme
@ all respected
I had taken the gst registration 3 yrs before but have not entered bank details that time so my gstin got cancelled..
so shld I apply for new??
or shld I apply in the name of wife?? as I want to run my business in sole proprietorship or by creating company in her name itself
I had taken the gst registration 3 yrs before but have not entered bank details that time so my gstin got cancelled..
so shld I apply for new??
or shld I apply in the name of wife?? as I want to run my business in sole proprietorship or by creating company in her name itself
Apply for new registration
Recent Topics :
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
Related Topics :
CAclubindia
