The Turnover Limit for the Composition Levy The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rupees 1 crore but after 7th March, 2019 the limit has increased the threshold limit of aggregate turnover for availing Composition Scheme under Section 10 of the Central Goods […]
Tag: gst composition scheme
Interest rate provision in GST
Notification for Interest rate for GST late payment For more information read the following notifications. Dated-28.06.2017 Notification No. 13/2017 – Central Tax [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB -SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 13/2017 […]
HSN Code in the GST invoice (notification)
It is not necessary to write the HNS code in the GST invoice, the person whose turnover is up to 150 lakhs For more information read the following notifications. Dated-28.06.2017 Notification Number- 12/2017-Central Tax, [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department […]
GST Composition Scheme (In Hindi)
जीएसटी कम्पोजिशन स्कीम (GST Composition Scheme )
Revised Threshold Limit on Composition Tax Rate
Limit on Composition Tax Rate As per discussions in the 16th GST Council Meeting held on 11th June, 2017, The Indian Government Revised Threshold Limit for Composition Levy. Sub section (1) of section 10 read with sub-section (2) of the same section of the CGST Act-2017 provides that an eligible registered person, whose aggregate turnover […]