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Gst registration

nikhil (Accounts officer) (32 Points)

04 February 2019

i have a retail shop i have purchased from distributor and sale to retailer. i have want to register with GSTIN Number whisch category i fall ??,

casual taxable person,

Input Service Provider,

Composition

Normal Taxpayer

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8 Replies

manoj (student) (5205 Points)
Replied 04 February 2019

Go for composite if you are retailer and sales is on cash from shop counter you will not get credit from buyer and you you have to pay only 1%

P. Venkata sai Mahendra (CHARTERED ACCOUNTANT) (41 Points)
Replied 04 February 2019

The type of business you are carrying is trading only. U can register it as Whole sale business.

Casual taxable person : It means, the person who supplies goods/ Provides services in taxable territory occasionally.

Input service distributor : Generally it's HO which receives invoices on its name for the services used by its branches.To distribute that credit to its branches, generally HO will register it as Input service distributor.

So u can't register as Casual taxable/ ISD.

So u need to register as Normal or composite dealer.

Whether to choose normal or Composite is based on ur size of business. If ur expected turnover p.a is <=1.5 CR, u can choose Composite (it is optional only, not complusary). If ur turnover exceeds that amount, u should take normal registration.