genral goods business, Goods and Services Tax - GST

[raj kapoor]

Dear Sir / Madam,

I am doing a busines of genral goods and registered business my yearly Turnover is 75 lakhs . Can i buy or sell goods from other state ex.Hyd to Mum.

Posts / Replies

[prakash kumar]

Since your annual turnover is less than 75 lacs, so you are eligible to adopt Composite Scheme.

But here is one issue, if you are also dealing in inter-state trade, than you can not opt for composite scheme.

[Gorantla Bhaskar Rao]

Dear querist,

I endorse the views of expert.