Goods and Services Tax – Started By: – uday joshi – Dated:- 4-7-2017 Last Replied Date:- 4-7-2017 – Dear Sir,I am a small Garment retailer and yearly sell is below 6Lakh. As i understood, i need not to register for GST.But in case when i purchase material from Register Wholesaler, he will be showing that material is purchased byme as i am paying him GST. How n where to keep this purchase of records. What is the procedure.Sorry, I am very new, i may not be able to put my question in right way.ThankUday joshi – Reply By Mehak Malhotra – The Reply = Dear Uday Ji, First of all, if you are registered under any of the existing laws(i.e before gst) you have to compulsorily migrate to GST as per the provisions. If you were not registered under any
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ioned only for Registration and not for payment of taxes as per the provisions. (unlike Service tax). Therefore, if you want to continue with the registration you can opt for composition scheme (1%) and stay clam. And if you do not want to get covered under GST then apply for the cancellation of the registration. I hope the text is useful to you in some manner. Thank you, Mehak Malhotra – Reply By uday joshi – The Reply = Thanks Mam,Thank for your valuable information.I am not registered under GST.Can you pls. elaborate 1% Composition scheme.ThanksUday Joshi – Reply By KASTURI SETHI – The Reply = Regarding composition scheme, read Article by Sh.Sunil Kumar Gupta published on 1.7.17 in this forum of TMI. – Discussion-Forum – Knowledge Sharin
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