Hi .. Wish to start a suuperbazaar/ departmental store . Annual turnover will be less than 1 Crore . Which type of GST is required for me ? Regular sceheme or composition sceme ?
Thanks in advance.
First, you need to take GST registration since your turnover will be more than Rs. 20 Lakhs.
Second, after taking registration, you have 2 options:
The decision should depend on multiple factors such as:
You can read article profitability of composition scheme.
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