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Provision Store GST Registration

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Sunil Kumar

28 Points Posted on 21 May 2021

Good Evening Everyone.

One of my client has decided to open the provision store. My confusion is what type of Scheme is more benefit for this business.Whether Regular or Composition, please suggest.

Replies (7)

Quick Summary

This discussion explores the best GST registration scheme for a new provision store, also known as a mini supermarket. Participants weigh the pros and cons of the Regular and Composition schemes, with a leaning towards the Composition scheme for its simpler quarterly filing and less stringent book-keeping requirements, especially when the tax is paid directly by the business owner.

ajaz shaikh

44 Points Posted on 21 May 2021

Composition scheme

Sunil Kumar

28 Points Posted on 21 May 2021

Thank You Ajaz Shaikh Sir

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 21 May 2021

Provision store means??

Sunil Kumar

28 Points Posted on 21 May 2021

Sourav Sir: Provision Store means like mini super market

Sivaramaraju G

Learner

2398 Points Posted on 21 May 2021

Explain the both schemes to your client then ask him what he wants to follow. because in composition scheme tax has to pay out of his pocket. it is like an expense to him.