Trader / Business Owner Ke Liye GST & Tax Summary
GST Applicable?
✅ Yes — 5%/12%/18%/28% (by product)
Traders need GST if turnover > ₹40L (goods) or ₹20L (services). Composition scheme @ 1% available for turnover < ₹1.5 Cr.
Income Tax
Section 44AD: 8% deemed profit (6% for digital). ITR-4 for presumptive, ITR-3 with audit.
Mandatory Compliance
✅ GST Registration
✅ Shop & Establishment License
✅ Trade License
✅ Udyam (MSME) Registration
✅ TDS compliance
✅ Annual ITR + Audit (if applicable)
✅ GSTR-3B (monthly/quarterly) + GSTR-1
GST Guide for Trader / Business Owner
📋 GST Rate: 5%/12%/18%/28% (by product) | Threshold: ₹20L (services)
GST registration mandatory ho jaata hai jab Trader / Business Owner ka annual turnover ₹20 lakh cross kare. Traders need GST if turnover > ₹40L (goods) or ₹20L (services). Composition scheme @ 1% available for turnover < ₹1.5 Cr.
- Monthly GSTR-3B filing (20th of following month)
- GSTR-1 outward supply details (11th of month)
- Annual GSTR-9 (December 31)
Income Tax for Trader / Business Owner
Section 44AD: 8% deemed profit (6% for digital). ITR-4 for presumptive, ITR-3 with audit.
💡 Section 44AD Benefit: Turnover ka 6% (digital) ya 8% (cash) deemed profit. No need to maintain books of accounts.
CA Services for Trader / Business Owner