Dear Experts,
What will be more profitable for a firm,gst regular scheme or composition,
Firm
purchases from supplier Mrp Rs 1000 product at
Less 40 percent discount on mrp gross amount rs 600
plus gst18 rs 108
total cost of purchase rs708
if product sold by firm is done at mrp1000 inclusive to customer
the firm will make more profit in gst regular scheme or in composition scheme?