Please resolve my issue regarding gst ?

erdeep (engineer) (309 Points)

13 September 2017  

respected all querry solver  ,

 

i am a normal shopkeeper . i own a shop . i want to run a hardware and plywood shop . i decided to open a shop with 10 lakh amount . will i have to register my self for gst ? if i purchase from gst registered  seller then they will collect gst from me . but when i will sell to my final customer ( not to any other seller ) how will i put gst on them ? or i have no right to collect gst ... only profit will i add to my cost price and silmple bill of supply i will generate ? will i also have to submit gst tax on my profit ? or simple profit loss machenism will apply in my business and on my profit i will pay only my aanual income tax ? please resolve my issue ...