Latest News on Composition Scheme
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Composition Scheme - Total results - 6
Oct 30, 2017
GST: Lower tax rates would not solve the problems of small businesses entirelyThe truth is the government and its ministers are clueless about the nature of difficulties faced by the small businesses under GST
Oct 30, 2017
Easing GST pain for SMEs: More rate cuts, hike in composition scheme cut-off likely on 10 NovSMEs can look forward to more good news on 10 November when GST Council meets next
Oct 06, 2017
GST Council meet: Relief for SMEs, threshold for composition scheme raised to Rs 1 cr from Rs 75 lakhThe GST Council, headed by Finance Minister Arun Jaitley, at its 22nd meeting reached consensus on increasing composition threshold for SMEs, Andhra Pradesh Finance Minister Y Ramakrishnudu said.
Oct 03, 2017
GST: What is a composition scheme? Who can opt for it? What are the rates? A Cleartax explainerTo opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government.
Jul 13, 2017
GST: No Composition Scheme for ice-cream, tobacco product makers, says Hasmukh AdhiaAll the the traders will have to mention that he is a "composition taxable person" on notice or sign board displayed at a prominent place at his place of businesses.
Jun 28, 2017
GST: Ice cream, pan masala, tobacco makers can't opt for composition schemeUnder the composition scheme where the turnover does not exceed Rs 75 lakh, manufacturers will have to pay 1 percent of turnover as GST, traders 2.5 percent and 0.5 percent of turnover in state in case of other suppliers.