I am starting a new business. so what i have to do?? need to apply for regular or compisition GST?
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Quick Summary
If you're starting a new business, particularly in clothing trading with supplies to both private and government sectors, Regular GST registration is generally recommended. While Composition GST offers a simpler compliance route, the Regular scheme is often more beneficial, especially when dealing with government contracts. It's advisable to opt for Regular GST registration under Section 9 of the CGST Act 2017 for greater advantages.