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Regular or composition scheme

Manish Shaw (Student) (106 Points)

29 April 2020

In case of retail tea merchant which GST registration scheme in beneficial?

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RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 29 April 2020

As per Your requirements You can go with Composition Scheme...

But,
Better to consider Your business with Your customers.

Shivam RC (Student) (23683 Points)
Replied 29 April 2020

If you want to reduce the tedious work of maintaining proper books of Accounts, filing monthly return etc , then better to go for COMPOSITION SCHEME under Section 10. But note that no ITC will be eligible. You have to pay a small percentage of tax from your own pocket.

If you want to enjoy the benefit of ITC, then opt for REGULAR REGISTRATION.

Are you selling any Branded Tea ( like Tata, Brooke Bond brand etc ) ???

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