Tag Archives: GST Composition Scheme

GST Input Tax Credit on Change from Composition scheme to Regular scheme

whether input tax credit can be claimed on capital goods and Inputs  on change of scheme from composition scheme to Regular scheme under GST As per Section 18(3) the taxable person is entitled for input tax credit on capital goods and Inputs on Change of option from Composition Scheme to regular Scheme. [ Read Composition Scheme under… Read More »

Why not to opt GST Composition Scheme (India)

Why not to opt GST Composition Scheme (India) Key Points about Composition Scheme under GST { Read GST Composition Scheme Analysis after CGST Act 2017 ] Coverage : Section 8 of Model GST Law cover GST Composition Scheme. Eligibility :- Composition Scheme under GST can be availed by  Registered taxable person and Does not effects… Read More »

Composition Scheme under GST : Complete Analysis

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 »

GST Composition Scheme for Small Businessmen : Analysis

GST Composition Scheme Section 8 of Model GST law deals with  GST Composition Scheme { Read GST Composition Scheme Analysis after CGST Act 2017 ] Key Points about GST Composition Scheme (a)         GST Composition Scheme is based on recommendations of the GST Council (b)         GST Composition Scheme is subject to prescribed conditions… Read More »