REGULAR OR COMPOSITE SCHEME BENEFIT FOR PHARMACY STORES DEALER

A dealer maintained a pharmacy stores.estimated turnover rs:90 lacs yearly.sales to urd customers transactions only.

Question:

Dealer benefit for composite or regular scheme registered in gst act.

 

Replies (2)
Quick Summary
This discussion explores the benefits of the regular versus composite GST scheme for a pharmacy store dealer with an estimated annual turnover of Rs 90 lacs. The consensus suggests that due to MRP pricing, the regular GST scheme is generally more advantageous for pharmacy businesses. Therefore, opting for regular registration is recommended.

DUE TO MRP, FOR PHARMACY STORE REGULAR SCHEME IS BENEFICIAL.

Take regular registration

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