Composition Scheme

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Composition Scheme - Total results - 5
Service providers with turnover of up to Rs 50 lakh may now opt for GST composition scheme till 31 July
Business

Service providers with turnover of up to Rs 50 lakh may now opt for GST composition scheme till 31 July

The tax department has extended by three months till 31 July the deadline for service providers with a turnover of up to Rs 50 lakh to opt for the composition scheme and pay six percent goods and services tax (GST)

GST: Lower tax rates would not solve the problems of small businesses entirely
Business

GST: Lower tax rates would not solve the problems of small businesses entirely

The truth is the government and its ministers are clueless about the nature of difficulties faced by the small businesses under GST

Easing GST pain for SMEs: More rate cuts, hike in composition scheme cut-off likely on 10 Nov
Business

Easing GST pain for SMEs: More rate cuts, hike in composition scheme cut-off likely on 10 Nov

SMEs can look forward to more good news on 10 November when GST Council meets next

GST: What is a composition scheme? Who can opt for it? What are the rates? A Cleartax explainer
Business

GST: What is a composition scheme? Who can opt for it? What are the rates? A Cleartax explainer

To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government.

GST: No Composition Scheme for ice-cream, tobacco product makers, says Hasmukh Adhia
Business

GST: No Composition Scheme for ice-cream, tobacco product makers, says Hasmukh Adhia

All 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.