Tag Archives: Composition Scheme GST

What is GST Composition Scheme

By | February 20, 2023

What is GST Composition scheme The GST Composition Scheme is a simplified tax scheme under the Goods and Services Tax (GST) system in India. It is designed for small businesses and taxpayers to reduce their compliance burden and ease the tax payment process. Under this scheme, eligible businesses with an annual turnover of up to… Read More »

Remove condition of not having Imported goods stocks under Rule 3 Composition Rule – ICAI – GST Rules Issue 29

By | May 11, 2017

Condition of not having stocks of Imported goods As per rule 3(1)(b) of draft GST Composition Rules a composition dealer is required to comply with following condition: – The goods held in stock by him on the appointed day have not been purchased in the course of inter-State trade or commerce or imported from a… Read More »

Composition Scheme under GST : Complete Analysis

By | October 10, 2016

Composition Scheme under GST Key Points about Composition Scheme under GST [ Read Composition Scheme under GST Analysis after CGST act 2017 ] Coverage : Section 8 of Model GST Law cover Composition Scheme. Eligibility :- Composition Scheme under GST can be availed by  Registered taxable person and Does not effects inter-State supply (i.e both, output &… Read More »