Regular or composition

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Student
106 Points Posted on 28 January 2020
which scheme is beneficial under gst when purchase from registered dealers and sale to consumers and small dealers
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On 28 January 2020 at 21:02 Report
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The discussion explores whether the Regular or Composition scheme is more beneficial under GST for businesses purchasing from registered dealers and selling to consumers or small dealers. While one view suggests the Regular scheme is always better due to input tax credit availability, others argue it depends on the specific case, tax rates, business nature, and profitability. An example for retail businesses is requested for further clarification.

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229 Points Posted on 28 January 2020
Regular
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On 28 January 2020 at 21:21
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still studying
122 Points Posted on 28 January 2020
It is obvious that regular scheme is beneficial because you can't claim Input tax credit under composition scheme
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On 28 January 2020 at 21:32
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1011 Points Posted on 28 January 2020
No. depends oncase to case. if tax rate on goods is 18 or 28, then compo
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On 28 January 2020 at 21:44
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Student
106 Points Posted on 28 January 2020
Please explain with example
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On 28 January 2020 at 22:23
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Studwnt
1141 Points Posted on 28 January 2020
You should go for regular scheme..
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On 28 January 2020 at 23:07
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GST Practitioner
55067 Points Posted on 29 January 2020
Its depends upon the nature of business & profitability of Business.
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On 29 January 2020 at 00:20
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Student
106 Points Posted on 29 January 2020
@ pankaj Sir please explain with example
in case of retail business
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On 29 January 2020 at 13:35

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