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🙏
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.
CAclubindia
