there are many general / kirana stores or small retailers in india. many of them have turnover of 40-50 lakhs. currently they dont file any vat return etc. they are called unorganised sector. i think gst is a curse for them bcoz if they dont comply with the gst provisions, that is illegal. and if they comply with the provision they will end up paying gst from their ownbpocket.
they sells items of as low as rs 1 (like chocolate or gutkha etc.) and it is difficult to collect tax from customers.
CAclubindia
