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Composition Levy under GST

Lower GST Rate for Composition Scheme Service Providers

Composition scheme is to help the small taxpayer by reducing the GST compliance burden. A composition scheme holder needs to maintain lesser records. Further, they have to file GST Return on a quarterly basis rather than monthly basis. Previously, the composition was exclusively applicable to the supplier of the goods. But the 32nd GST Council … Read moreLower GST Rate for Composition Scheme Service Providers

Facts To Know About Composition Levy Under GST

Facts-about-composition-levy-under-gst

There would be a substantial amount of cost and expertise needed in complying with GST. While the big guys will easily adapt to it, it’s the smaller ones which will feel the heat for lacking either of the above. Composition scheme, under GST, is just an extension of the current scheme under VAT and is … Read moreFacts To Know About Composition Levy Under GST