Post by: Renu Suresh in GST Compliance
GST Compliance: Year-End Checklists for FY 2023-24 With the end of the fiscal year approaching and the onset of a new one, it's imperative for companies to engage in several activities related to the Goods and Services Tax (GST) to…
Post by: Renu Suresh in GST
GST Revocation Under Composition Scheme The cancellation of Goods and Services Tax (GST) registration is a process that can be initiated by either the tax department or the registered person for specified reasons. When the department cancels the registration, a…
Post by: Renu Suresh in GST
GST Composition Scheme: A Comprehensive Guide The Composition Scheme is a straightforward and user-friendly arrangement within the GST framework designed to benefit taxpayers. It offers small-scale taxpayers the advantage of escaping the cumbersome GST procedures by enabling them to fulfill…
Post by: Arnold Thomas in GST GST in India
GST Form CMP-02: Filing Procedure & Due Date Small businesses with an annual turnover of less than Rs. 1.5 crore can be registered under the GST composition scheme. This registration can be done by filing either GST CMP-01 or GST CMP-02 forms.…
Opting In And Out Of Composition Scheme 2020-21 Due to the impact of Corona Virus, the lives of the people became highly unstable and the Governments across the globe struggles to lift back the manufacturing and industrial sector. The impact…
Post by: IndiaFilings in GST
23rd GST Council Meeting - Changes to Composition Scheme In the 23rd GST Council Meeting held on 10th November 2017, various measures to improve compliance and reduce the burden on taxpayers were announced. In various articles, we have covered the…
Post by: IndiaFilings in GST
GST Return Filing - Composition Scheme The GST Composition Scheme is designed to ease the compliance burden for MSME businesses by simplifying GST return filings and GST payment mechanisms. In this article, we look at the GST return filing for…
Post by: IndiaFilings in GST
GST Composition Scheme-Turnover Limit GST Composition Scheme was designed to reduce the GST compliance burden for micro, small and medium enterprises (MSMEs). To enrol, the taxable person under GST must have an aggregate turnover of less than Rs.75 lakhs per…
Post by: IndiaFilings in GST
GST Composition Scheme Composition Scheme acts as an alternative method for levying a tax under GST. Small businesses registered under the GST composition scheme can pay GST at a fixed rate of turnover every quarter and file quarterly GST…
