In the GST era, a business will broadly be classified under two brackets – registered and unregistered. Within the registered bracket, there will be two possibilities – either the business may be a regular dealer, or under composition scheme. Assuming that you are a regular dealer, you may thus be interacting with all 3 types of suppliers. There may be situations where you need to choose between compliance benefit and existing business relations. Thus, it is advisable that you are completely clear about the implications of purchasing from all 3 types of suppliers. Read More
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