How To Know Which GST Is Good For Our Business REG VS COMP

Sid

Sid

KF Rookie
Well In My Case I Want Know Who To Choose Gst Reg Vs Comp So I Save Some Of The Tax Legal Way.


1. My Business In Contractor Line Basically We Provide Services To Railway Powerhouse Department Like Erection, Filtration, Electrification, Etc

2. When We Contract With Other Company Which Provide All Martials For Fitting Equpment's Like Transformer, Earth Pit, Above Work As Well And We Charge As Per Quotation For Fitting, Aliments Mast And All Equpment At Their Place.

3. Company Pays The Bill Of All Work We Provided As Per Bill They Pay GST Included In Our Bill Money So Our Company Duty To Fill That GST Right And That Contracted Company Says B2B Business I Think.

4. Refer IMAGE AND Just How Will We Choose GST And How We Save GST TAX Is Possible
 

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K

kyj

KF Rookie
Choose Based on your turnover..
Well regular is much better then composition (if u agree to file return in monthly basis)
 
Tax with Ria

Tax with Ria

KF Expert
Sid said:
Well In My Case I Want Know Who To Choose Gst Reg Vs Comp So I Save Some Of The Tax Legal Way.


1. My Business In Contractor Line Basically We Provide Services To Railway Powerhouse Department Like Erection, Filtration, Electrification, Etc

2. When We Contract With Other Company Which Provide All Martials For Fitting Equpment's Like Transformer, Earth Pit, Above Work As Well And We Charge As Per Quotation For Fitting, Aliments Mast And All Equpment At Their Place.

3. Company Pays The Bill Of All Work We Provided As Per Bill They Pay GST Included In Our Bill Money So Our Company Duty To Fill That GST Right And That Contracted Company Says B2B Business I Think.

4. Refer IMAGE AND Just How Will We Choose GST And How We Save GST TAX Is Possible
Click to expand...
Well instead of questioning here, go and talk to a CA, he'll tell you the exact scenario on thr basis of projected FSS or current FSS whether to register for GST or not because it's not a common business, it's a business where your client is govt, so no non compliance must be made
 
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