REGULAR OR COMPOSITE SCHEME BENEFIT FOR PHARMACY STORES DEALER

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B.com
3025 Points Posted on 12 November 2021

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.

 

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On 12 November 2021 at 17:23 Report
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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.

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SEO Sai Gr. Hosp.
212506 Points Posted on 12 November 2021

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

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On 12 November 2021 at 17:35
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Chartered Accountant
24588 Points Posted on 12 November 2021
Take regular registration
Reply
On 12 November 2021 at 21:29

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