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gst fr xerox shop

percy (B.Com) (370 Points)

14 June 2017

I run a Xerox shop..what sold I do fr gst..turnover less then 50 lacs.. pleeeeeeease adviceeeeee

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11 Replies

Shivaprasad Rao (Article Assistant) (97 Points)
Replied 14 June 2017

You should take registration
your business is a service ie.taking xerox
so you should collect tax @ 18%, on which you can credit your input tax credit ie. yax paid on paper, consumables and capital goods such as printer, plotter, copying machine etc

1 Like

Shivaprasad Rao (Article Assistant) (97 Points)
Replied 14 June 2017

No composition available for you

1 Like

percy (B.Com) (370 Points)
Replied 14 June 2017

OK...by some say as my material cost more than 50 percent I can take it...advice.....

CA Ronak Garodia (Qualified Chartered Accountant) (125 Points)
Replied 14 June 2017

In case turnover less than 20 lakhs no registration required

percy (B.Com) (370 Points)
Replied 14 June 2017

if more than 20 n less than 50 than what to do...all giving different opinions....as no clarity..soooooo confused

CA Ronak Garodia (Qualified Chartered Accountant) (125 Points)
Replied 14 June 2017

If more than 20 lakhs... u need to be compulsorily register yourself... u can claim credit on input tax paid on your paper stationery items other consumables stuffs
and capital goods like printer

percy (B.Com) (370 Points)
Replied 14 June 2017

why not composite scheme

CA Ronak Garodia (Qualified Chartered Accountant) (125 Points)
Replied 14 June 2017

composition scheme is not available for service tax assessee

percy (B.Com) (370 Points)
Replied 14 June 2017

OK..it is such small scale n unorganized sector...n we have significant material cost...it's not only service....so we sold get it
..it becomes simple

Shivaprasad Rao (Article Assistant) (97 Points)
Replied 14 June 2017

Your business is providing Xerox service, so no composite scheme for you
You should take registration at 19 lac and start collecting tax at 20 lacs
You can claim input tax on all your paper purchases and stationary expenses