https://www.taxtmi.com/reply=120122 GST registration is described as mandatory when turnover exceeds the 40 lakh threshold in a financial year. A retail pharmacy with turnover below that limit is discussed in relation to voluntary registration or registration under the composition scheme, which does not allow input tax credit and requires filing GSTR-4. The discussion also notes that the choice between normal GSTIN and composition GSTIN depends on the types of medicines sold by the retailer. en-us Tue, 10 Jun 2025 12:37:09 +0530 Sat, 09 May 2026 19:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/reply=120122 GST registration is described as mandatory when turnover exceeds the 40 lakh threshold in a financial year. A retail pharmacy with turnover below that limit is discussed in relation to voluntary registration or registration under the composition scheme, which does not allow input tax credit and requires filing GSTR-4. The discussion also notes that the choice between normal GSTIN and composition GSTIN depends on the types of medicines sold by the retailer. Discussion-Forum GST Tue, 10 Jun 2025 12:37:09 +0530 https://www.taxtmi.com/reply=120122