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 by
me 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.
Thank
Uday joshi
Small retailer with sales under 6 lakh may not need GST registration; consider 1% composition scheme for simplicity. A small garment retailer with annual sales below 6 lakh inquires about GST registration requirements. An expert explains that if not previously registered under any law, the retailer need not register for GST. However, if already migrated to GST, they must file for cancellation within 30 days. The retailer's business is B2C, so GST input credits are not applicable. If registered, they must charge GST on sales, but can opt for a 1% composition scheme to simplify tax processes. Further details on the composition scheme are suggested to be read in an article by another expert. (AI Summary)