I am retailer having small shop to sell Patanjali products and medicines. My yearly sell is around 10 lakhs and will not cross gst limit of 20 lakhs for years. But I have taken gst number as my suppliers informed me that, they can not sell products to me if I do not have gst number. I am paying their bills with gst tax.
I am selling products to small individual customers on mrp. Hence I can not add gst on mrp. I can not ask/file for gst return as I am not charging/can not charge gst to end customer on mrp.
Kindly clarify me if I am not charging gst to anybody and not going to exceed 20 lakhs limit, do I have to maintain gst record and pay tax because I have taken gst number?
And how do I calculate gst tax? On mrp sell value? What percentage? or Under composition scheme?
My gst number was not declare under composition scheme. Can I convert this gst number now, under composition scheme?
CAclubindia
