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GST composition scheme News

GST composition scheme

17 Mar 2024

Deadline For GST Composition Scheme Is March 31: Check What It Is & How To Opt

The Composition Scheme under the Goods and Services Tax (GST) offers a straightforward and hassle-free tax solution for small businesses.

GST composition scheme

25 Apr 2019

Composition scheme biz to now file simplified 'self-assessed' GST return

So far, businesses opting for composition scheme had to file tax returns every quarter in GSTR-4 which ran into around seven pages.

GST exemption limit

08 Mar 2019

FinMin notifies April 1 as date for availing increased GST exemption limit

Besides, the effective date for availing higher turnover cap of Rs 1.5 crore for availing composition scheme by traders has also been fixed as April 1.

02 Jan 2018

Govt notifies 1% GST on manufacturers under composition scheme

The notification stipulates that manufacturers who have opted for composition scheme will now have to pay 1 percent Goods and Services Tax (GST) as against 2 percent earlier.

07 Oct 2017

Will eating out become cheaper? GST Council to review how restaurants are taxed

Air-conditioned restaurants may get relief as the group of ministers will discuss if the GST can be brought down from 18 percent to 12 percent and submit a report in two weeks.

17 Sep 2017

GSTN reopens window for composition scheme

Taxpayers were earlier given time till August 16 to opt for composition scheme.

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