GST Registration of Distributors under Composition SchemeNo. of comments:55 Sanjay Sharma, Amritsar, 11788 On 07-Jul-2017Dear All
In service tax MF distributors were given relaxation of Small and Medium entrepreneurs and the exemption upto 10 Lacs was available to the MFD. In GST bill the distributors liability to GST is from Re. 1/-.
The Finance Ministry should allow small distributors to get registration under Composition Scheme and should be taxed at 1%, 2% or 5% under 20 Lacs and above 20 Lacs it can be according to GST @ 18%. In this manner small distributors will be given some relaxation and t. he industry would be benefited. Also we are also assumed that we are giving interstate services. But all of us are working in only our native city and all the companies are having their branch offices in most of the cities and almost in all states. and also most of our investors from the same city or state. So the Interstate supply of services is not there. Kindly allow us to register under composition scheme as the restaurants are being allowed and taxed @ 5% only.