No change for composition scheme for restaurants. The following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati today. Uniform
The Goods and Services Tax Network ( GSTN ) has issued an advisory on Opting-in for Composition Scheme for 2020-21. Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has extended dates for
The Central Government has notified the increase in threshold limit for opting Composition scheme Levy under the new Goods and Services Tax (GST) regime. Now, small dealers having turnover upto one crore can avail the
The Central Board of Indirect Taxes and Customs (CBIC) has issued an order clarifying that the intra-State suppliers of goods and services to whom the composition scheme is extended shall issue a tax invoice under
The Central Board of Indirect Taxes and Customs (CBIC) has allowed the service providers with turnover of up to Rs. 50 lakh time till 30th April to opt for the composition scheme and pay 6%
The GST advisory group set up to widen the scope of the Composition Scheme as well as rationalize the Reverse Charge Mechanism. Composition Scheme is a simple and easy scheme under GST for taxpayers. Small
The Goods and Services Tax portal has enabled the facility to file GSTR-4 for the months July to September by businesses who have obtained registration under the composition scheme. However, others who have opted for
The GSTN Network today said that the small businesses with turnover of up to Rs 75 lakh can opt for composition scheme under the Goods and Services Tax regime till July 21. "Any person who has been
The Goods and Services Tax ( GST ) portal has mandated that the taxpayers should opt for composition scheme till 31st March 2019. The portal has also reminded that such taxpayers shall file the stock
The Institute of Chartered Accountants of India ( ICAI ) reprimanded a Chartered Accountant ( CA ) for misrepresenting himself as the Managing Director of a company, despite having resigned from the position, to both
The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the deadline of GSTR-4 for the Financial Year 2019 – 20 till 31st October 2020. GSTR-4 is a return that must be
Reportedly, the Central Government is considering re-opening of registration window for allowing small businesses to pay levies at a lower rate by foregoing the benefit of input tax credit under the Goods and Services Tax
To the relief of composition taxpayers, the Goods and Services Tax Network (GSTN) has provided the facility to provide details of amendment, in FORM GSTR 4. With this, the composition taxpayers can now file amendment
The Chhattisgarh High Court has ruled that ice cream is not a luxury item and has directed the Goods and Services Tax ( GST ) Council to reconsider its decision to exclude small-scale ice cream
The Government has opened the option for GST Composition Scheme for the assessment year 2017-18 for small traders. The persons who want to avail the benefit of the scheme can apply till September 30th. The
