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gst by the retailers on mrp

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7 Points Posted on 12 September 2017
While buying goods the wholesaler charged 12% on the product we buy which are under mrp. Earlier we brought goods for 208 and sold in 214 mrp... Now the wholesaler are adding gst on that.. And I have to buy it with very less margin. How will I meet my profit
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On 12 September 2017 at 23:37 Report
Replies (4)
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Tax Consultant
894 Points Posted on 12 September 2017
you can take the credit of gst paid to your supplier
2 Reply
On 12 September 2017 at 23:42
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Proprietor
4869 Points Posted on 13 September 2017
u should opt regular scheme and so u can take all itc on purchase and expenses whether revenue or capital nature. Thus u can maintain yr profit to some extent.
18 Reply
On 13 September 2017 at 08:32
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7 Points Posted on 13 September 2017
Even if my business is B2C nature....
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On 13 September 2017 at 09:51
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Tax Consultant
894 Points Posted on 13 September 2017
yes..... credit will be available
2 Reply
On 13 September 2017 at 10:46


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