![]() Then profit angle should be the primary factor in making the choice. The obvious reason is- for earning profit. The basic question is why a person is doing business. Simple method, single tax rate and minimum compliance requirements.īut in my opinion, these are not sufficient reasons for choosing the correct option. Here the dealer gets input tax credit on his purchases, which is not there under composition. Generally speaking, people choose one of the two options for following reasons: Option Different people have different criteria for deciding the type of their GST registration. Taxpayers (with turnover below 1.50 crores) who supply within their state have choice between Normal & Composition schemes. We know that there are 2 options of registration under GST- Normal or Regular option and Composition option. This article explains what should be the real basis for selecting the right type of registration by small/ medium businesses. ![]() If a businessman chooses the type of his GST registration without calculating the actual impact of his choice, there is scope for making wrong choice. ![]() फायदा देखो यार – Avoid Confusion with Normal & Composition- Make/Modify choice with this Excel worksheet
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