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GST Composition Scheme

GST Composition Scheme: Everything You Need to Know

Kavi Priya

The GST Composition Scheme is a simplified tax compliance mechanism introduced under the Central Goods and Services Tax (CGST) Act, 2017, primarily...

GST Composition Levy Opt-in: Here’s All You Need to Know before the Deadline

GST: CBIC notifies Due Date for filing FORM CMP-08 by Composition Taxpayers [Read Notification]

GSTN enables feature to opt in for Composition available for FY 2021-22

GST: Delhi govt. extends GSTR-4 due date to 31st August 2020 for FY 2019-20 [Read Notification]

Delhi Govt. notifies GST Composition Scheme for FY 2020-21 can be opted till June 30, 2020 [Read Notification]

The Delhi Government has notified that the Goods and Service Tax Composition Scheme for Financial Year 2020-21 can be opted till June 30, 2020. In other words taxpayers opting for the Composition...

CBIC allows Service Providers to Opt for Composition Scheme till 30th April [Read Circular]

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% GST. The...

Govt Notifies Hike in GST Threshold Limit [Read Notification]

The Central Government, on Thursday notified the increase in GST threshold limit in a relief for small traders. The increased threshold limit will be applicable from 1st April 2019. Further, the...

GST: Govt excludes Certain Exempt Services for determining Eligibility for Composition Scheme [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that the value of supply of exempt services by way of extending deposits, loans or advances in so far as the consideration is...

Cabinet approves Goa GST Amendment Bill

The Council of Ministers approved the amendment to the Goa Goods and Services Tax Bill 2019 in order to streamline the existing GST regime. The Bill is expected to be introduced in the assembly in the...

Composition Dealers to be prohibited from charging GST from Consumers

The Central Government is likely to mandate composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. This...

Major Decisions taken in 32nd GST Council Meeting

The GST council, in its 32nd meeting held at New Delhi, made the following decisions. Increase in turnover limit for the existing composition scheme: The limit of annual turnover in the preceding...