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Gst Composition Scheme

GST

GST Composition Scheme – Boon or Bane?

Under the Composition scheme of GST, a person has the option to pay GST calculated at a flat rate on aggregate turnover. Will the GST composition scheme act as a boon or bane for taxpayers? Let’s find out now!

GST

Facts To Know About Composition Levy Under GST

Composition scheme, under GST, is just an extension of the current scheme under VAT and is aimed at helping the startups and SMB’s, who may initially find it hard to comply with the GST provisions.

GST

Modify, Cancel and Reject E Way Bills under GST after 24 Hours

The consignor can only cancel an e-Way Bill within 24 hours from the generation. The person who has generated the e-Way Bill can cancel that e-Way Bill, once an e-Way Bill is verified by an officer it cannot be cancelled.