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 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 32nd GST Council meeting concluded in New Delhi with a catena of changes in the present Goods and Services Tax regime. In a significant move, the Council has rationalized the Composition Scheme and approved...
In a circular issued yesterday, the Central Board of Indirect Taxes and Customs ( CBIC ) has elucidated Effective date of Withdrawal from Composition Scheme. The CBIC has said that, “the effective date shall be...
The Central Government is all set to bring amendment in the present Goods and Services Tax ( GST ) laws as to introduce reverse charge mechanism for the first time to extent the same to...
The Karnataka High Court held that the prescribed authorities under the Karnataka value added Tax (KVAT) Act has no power to assess the petitioner-dealer under VAT Scheme for the period when the composition certificate issued...
The Finance Ministry has clarified that, Composition Dealers need not Furnish Details of Inward Supplies from Registered Supplier in FORM GSTR – 4 Doubts are being raised about the manner of filing the quarterly return...
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently ruled that benefit of the works contract composition scheme cannot be denied to the Assessee merely on the ground of failure to file any intimation....
While hearing the case of M/s Golden Fork Restaurant and Catering Co.(p) Ltd Vs. Commercial Tax Officer, High Court of Kerala recently deleted the order passed by the department since the provisions under section 8(c)...
The Government may probe on revenue loss due to composition scheme for Small Medium Entrprises (SMEs) under the current Goods and Services Tax (GST) regime. Reportedly, for July-September, around 10 lakh entities had opted for...
In a major relief to small traders, the Central Government today extended the time limit for intimation of details of stock held on the date preceding the date from which the option for composition levy...
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...
No change for composition scheme for restaurant. 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 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 Network (GSTN) has launched an offline tool for filing of quarterly returns for taxpayers who opted for the Composition Scheme. An offline tool for preparing GSTR-4 is available on GST...
Assam Finance Minister Himanta Biswa Sarma headed the Group of Ministers (GoM) of state finance ministers that have been set up to look into various issues pertaining to a scheme for small taxpayers under the...
The Central Government has notified the increase in threshold limit for opting Composition Levy under the new Goods and Services Tax (GST) regime. Now, small dealers having turnover upto one crore can avail the benefit...
With a view to remove difficulties in implementing the provisions of composition scheme, the Government, extended its benefit to the persons providing exempted services under the new Goods and Services Tax (GST) regime. An order...
To examine various issues on GST rates on restaurants and composition scheme for small traders, the Goods and Services Tax Council has formed Group of Ministers (Gom) headed by Assam Finance Minister Himanta Biswa Sarma....
The 21st meeting of the Goods and Services Tax (GST) Council held at Hyderabad on Saturday decided to re-open the registration window for composition scheme till 30th September. The last date to avail the scheme...
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...
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