All About GST Composition Scheme || Best Scheme for Small Traders/Business

[@poojapanchal4266]

Superb Explanation Sir👏🏻👏🏻

[@CASumitSharma]

Thanks and welcome

[@understandthewordsfeelthes3036]

Thanks for sharing helpful information

[@CASumitSharma]

👍👍

[@D_Singh1313]

Good information ji

[@CASumitSharma]

Thanks

[@AgricultureSupportPlus]

सर नमस्ते 🙏 क्या मैन्युफैक्चर कंपनी से कोई मशीन खरीद के अपना स्टीकर चिपकाकर मार्केट में बेच सकते है । कोई सरकारी विभाग से दिक्कत तो नहीं होगा,

[@CASumitSharma]

No

[@mrislam5844]

Sar mujhe apna medical holsale karna hai kaun sa GST lu sar please reply de

[@AkashSingh-f4x7b]

Kya composition scheme wale B2B supply de sakte hain? Aur ise apne quarterly gst return me Kahan show karna hoga?

[@CASumitSharma]

No

[@harshpannuchaudhary]

Composition ki return ka charge kitna le sakta hai ca

[@CASumitSharma]

2000 to 20000 Depend on many factors

[@junaidalamvlogs]

Sir ITR ka video baniye composition scheme me aour ITR ke baare me explain kre aour GSTR4 BHI

[@CASumitSharma]

File ITR 4 Video already uploaded GST and ITR me sales same honi chaiye

[@akshaykumar-yy3dc]

Kya composition scheme wale dusre state se bhi purchase kr skte hai??

[@CASumitSharma]

Yes

[@AmitKumar-ii9cy]

Inverter battery shop ke liya kon se sceem achi ha

[@CASumitSharma]

Depend kisko maal bechna hai Retail me and UPTO 1.5 cr sales then composition Otherwise regular

[@AmitKumar-ii9cy]

Charge con sema jyada lagta ha

[@moxshah3065]

Sir, STCG Wale case me aapka demand drop ho gaya ??

[@CASumitSharma]

Yes

[@shamsaghaz3751]

Sir मैं ek chhota dukan kirana ka GST Lena kaisa rahega please bataye

[@CASumitSharma]

No need UPTO 40 lakh sale If taken Keep records File GST returns Pay GST accordingly

[@realjokesshort6107]

Mobile Shop ke liye kya theek rahega

[@CASumitSharma]

Depend on many factors

[@devranswal3726]

Agar turnover limit pr hai tabhi gst reg krwao otherwise nhi compliances bhut hai

[@dineshdhameja4830]

CA kitna charge leta hai yearly agar hum usko quatrly 3 se 4 lakh ka gst bill ka accouting karaye to??

[@CASumitSharma]

Depend on many factors 2k to 10k

[@mr___nazimshek2938]

vegetable business me tax lgta he

[@CASumitSharma]

No

[@ritikrastogi8377]

Sir composition me every years 2 lakh 3 lakh ka credit note show karta h use reverse karna padega kya

[@CASumitSharma]

Yes, in the GST Composition Scheme, any credit notes issued that reduce the taxable value (such as for sales returns or discounts) need to be adjusted and reversed in the GST liability. Although composition taxpayers do not claim input tax credit (ITC), they are still required to correctly report their taxable turnover after adjustments for any credit notes issued. In your case, if you issue credit notes of around ₹2-3 lakh every year, you should reduce this amount from your total turnover when filing the annual GSTR-4 return to ensure your GST liability is accurately reported. This adjustment helps ensure that you pay GST only on your actual net sales. So, while you don't "reverse" credit notes like in the regular scheme for ITC purposes, you still need to reduce them from turnover in your returns under the composition scheme.

[@ulhasraibagi693]

Sir books of accounts need to maintain vo nahi bataya

[@CASumitSharma]

You should keep records of transaction with you like purchase bill sale bill payment bank statement etc

[@SurajSingh-lj6rs]

Sir agar aapka bhai govt job me h to aap trading kar skte h

[@CASumitSharma]

Yes

[@sbk1314]

I want to start a small business, I want to sell it on amazon and it requires gst number, can I open it in regular Gst registration?

[@CASumitSharma]

Yes

[@sbk1314]

@@CASumitSharma So we can take input credit right?

[@CASumitSharma]

Yes

[@sridharsk916]

Jewellery making. comp r regullar

[@CASumitSharma]

Both options available Depend case to case

[@sridharsk916]

I have udyam registration.I need gst r not .

[@CASumitSharma]

Not UPTO threshold limit Or unless required

[@Myindia47]

Sir main khad dealer hu mera business yearly 1000000 ka hota h

[@CASumitSharma]

What is your query

[@pradeepshrivas3637]

सर जी नमस्कार मै demate account के माध्यम से सन् 2020 से माह में 10 20 स्टांक खरीदता था इस तरह से कुल 6.70 लाख रुपए जमा किए हैं जो कि बढ़कर 17 लाख के लगभग हों गया है क्या एक साथ withdrawal कर सकते हैं कितना tex लगेगा कृपया मार्गदर्शन करने का कष्ट करें

[@CASumitSharma]

Tax income pe lagega STCG LTCG If over-all income crosses 3 lakh annually