Composition Scheme
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Tata Motors Demerger Gets Green Signal; Here's How It Impacts Shareholders
Tata Motors' Board approves a Composite Scheme of Arrangement among TML, TMLCV, TMPV, and shareholders.
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Cabinet Gives Approval For Amendments To GST Laws
The Cabinet gave approval to GST laws amendments today, which included hiking threshold limit for availing composition scheme dealers to Rs 1.5 crore, among other things.
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Government Notifies 1% GST On Manufacturers Under Composition Scheme
Manufacturers who have opted for composition scheme will now have to pay 1 per centGST as against 2 per cent earlier.
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GST Return Filing Rules Relaxed For Businesses. Find Out How
The relaxations along with cut in the tax rate on more than 200 items were welcomed by traders and industry watchers alike.
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Ministers Suggest GST Cut For Air-Conditioned Restaurants, Manufacturers
The Group of Ministers (GoM) set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent.
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Reduce GST On Small Businesses, Restaurants, Suggests Government Panel
Currently, GST is levied at 12 per cent on non-AC restaurants, while it is 18 per cent for air-conditioned ones.
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GST Council Announces Relief For Exporters, E-Wallets From April
Exporters have complained that delayed GST tax refunds have resulted in fund shortage.
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Threshold For Composition Scheme In GST Hiked To Rs 1 Crore: Report
Businesses with annual turnover up to Rs. 1 crore can now opt for the composition scheme, which enables them to pay tax at a flat rate without input credits.
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GST Composition Scheme: Who Can Opt, The Rates Applicable And More
Under GST, trader, manufacturer and restaurants are not required to register or pay tax in case of annual turnover below Rs 20 lakh.
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No Composition Scheme For Ice Cream, Tobacco Product Makers
Apart from the above exclusions, traders, manufacturers and owners of restaurants who have turnover below Rs 75 lakh will have to pay one per cent, two per cent and five per cent tax, respectively, if they opt for the Composition Scheme under the GST.
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GST: What Details Need To Be Furnished To Fill GSTR-1 Form?
The Central Board of Excise and Customs has time and again come out with answers to several frequently asked questions pertaining to many segments.
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GST FAQs: Form GSTR-1, Composition Scheme And More
Form GSTR-1 is to be filled for outward supplies made by the trader (made in the month for which return is being filed) by the 10th of the next month.
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Businesses Can Opt For Composition Scheme On GSTN Portal From Wednesday
The registration facility for input service distributors (ISDs) will start from Wednesday and that of TCS and TDS deductors will open some time after July 20, GSTN Chairman Navin Kumar said.
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Government Notifies Goods and Services Tax Identification Number Rules
"Any person who has been granted PID and who opts for composition scheme, should submit an intimation of option in a prescribed form on GSTN on or before July 21, 2017," the statement said.
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Ice Cream, Tobacco Makers Can't Opt For GST Composition Scheme
As per the notification issued by the Finance Ministry, manufacturer of ice cream, and other edible ice, whether or not containing cocoa, shall not be eligible to opt for composition levy under the Act.
-
Tata Motors Demerger Gets Green Signal; Here's How It Impacts Shareholders
Tata Motors' Board approves a Composite Scheme of Arrangement among TML, TMLCV, TMPV, and shareholders.
-
Cabinet Gives Approval For Amendments To GST Laws
The Cabinet gave approval to GST laws amendments today, which included hiking threshold limit for availing composition scheme dealers to Rs 1.5 crore, among other things.
-
Government Notifies 1% GST On Manufacturers Under Composition Scheme
Manufacturers who have opted for composition scheme will now have to pay 1 per centGST as against 2 per cent earlier.
-
GST Return Filing Rules Relaxed For Businesses. Find Out How
The relaxations along with cut in the tax rate on more than 200 items were welcomed by traders and industry watchers alike.
-
Ministers Suggest GST Cut For Air-Conditioned Restaurants, Manufacturers
The Group of Ministers (GoM) set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent.
-
Reduce GST On Small Businesses, Restaurants, Suggests Government Panel
Currently, GST is levied at 12 per cent on non-AC restaurants, while it is 18 per cent for air-conditioned ones.
-
GST Council Announces Relief For Exporters, E-Wallets From April
Exporters have complained that delayed GST tax refunds have resulted in fund shortage.
-
Threshold For Composition Scheme In GST Hiked To Rs 1 Crore: Report
Businesses with annual turnover up to Rs. 1 crore can now opt for the composition scheme, which enables them to pay tax at a flat rate without input credits.
-
GST Composition Scheme: Who Can Opt, The Rates Applicable And More
Under GST, trader, manufacturer and restaurants are not required to register or pay tax in case of annual turnover below Rs 20 lakh.
-
No Composition Scheme For Ice Cream, Tobacco Product Makers
Apart from the above exclusions, traders, manufacturers and owners of restaurants who have turnover below Rs 75 lakh will have to pay one per cent, two per cent and five per cent tax, respectively, if they opt for the Composition Scheme under the GST.
-
GST: What Details Need To Be Furnished To Fill GSTR-1 Form?
The Central Board of Excise and Customs has time and again come out with answers to several frequently asked questions pertaining to many segments.
-
GST FAQs: Form GSTR-1, Composition Scheme And More
Form GSTR-1 is to be filled for outward supplies made by the trader (made in the month for which return is being filed) by the 10th of the next month.
-
Businesses Can Opt For Composition Scheme On GSTN Portal From Wednesday
The registration facility for input service distributors (ISDs) will start from Wednesday and that of TCS and TDS deductors will open some time after July 20, GSTN Chairman Navin Kumar said.
-
Government Notifies Goods and Services Tax Identification Number Rules
"Any person who has been granted PID and who opts for composition scheme, should submit an intimation of option in a prescribed form on GSTN on or before July 21, 2017," the statement said.
-
Ice Cream, Tobacco Makers Can't Opt For GST Composition Scheme
As per the notification issued by the Finance Ministry, manufacturer of ice cream, and other edible ice, whether or not containing cocoa, shall not be eligible to opt for composition levy under the Act.
