Apart from this, their bill of supply should also mention that they are composition taxpayers. These directions were issued to all joint excise and taxation commissioners (Range/Appeals) and deputy ...

The GST Council on Sunday also reduced the tax rate for 66 items under GST. New Delhi: Industry and other stakeholders on Sunday hailed the Goods and Services Tax (GST) Council's move of bringing ...

The option to pay Goods and Services Tax (GST) at reduced rate of 6% would be effective from the beginning of the financial year or from the date of obtaining new registration during the financial ...

The revenue department is also planning to launch a campaign to educate consumers that the dealers opting for composition scheme are not required to charge the goods and services tax (GST) from ...

The CBIC has notified the simplified 'statement for payment of self-assessed tax' in Form GST CMP08 to be filed by taxpayers who have opted for composition scheme, under which businesses have to pay ...

What is GST Composition Scheme? The composition levy is designed for small taxpayers whose turnover is up to Rs. 1.5 crore ( Rs 1 crore in the case of a few States). The objective of the composition ...

Are you a trader, manufacturer or restaurant owner? Under GST or goods and services tax, the new indirect tax regime, you are not required to register or pay tax if your annual turnover is below Rs 20 ...

A ministerial panel headed by Gujarat deputy chief minister Nitin Patel will look into the possibility of rationalisation of GST rate for the real sector besides formulating a composition scheme — a ...

Big businesses in India are happy with the introduction of GST but small and medium enterprises (SMEs) and start-ups that don't have required resources and expertise to facilitate GST compliance ...