Restaurants with annual turnover up to Rs 75 lakh can opt for the composition scheme GST or Goods and Services Tax is set for a midnight launch on June 30. Various government departments and agencies ...

Selling cigarettes disqualifies traders from the GST composition scheme regardless of turnover. Small retailers must follow regular GST compliance to avoid ...

A ministerial panel headed by Gujarat deputy chief minister Nitin Patel will look into the possibility of rationalisation of GST rate for the real sector besides formulating a composition scheme — a ...

New Delhi: The goods and services tax (GST) council on Thursday approved changes to the composition scheme for small dealers to ensure a seamless supply chain, make the scheme more attractive and ...

New Delhi: The government has notified lower 1% GST rates for manufacturers who have opted for composition scheme as well as easier norms for traders opting for it. The finance ministry has notified ...

Are you a trader, manufacturer or restaurant owner? Under GST or goods and services tax, the new indirect tax regime, you are not required to register or pay tax if your annual turnover is below Rs 20 ...

GST composition Scheme: This pricing is determined by the restaurant's location. For example, restaurants located within hotels where the room fee exceeds the specified amount would be subject to a ...

The Goods and Services Tax (GST) Council on Friday raised the threshold limit for Composition Scheme to Rs 1 crore from the current Rs 75 lakh to ease tax filing for small traders. The Rs 1 crore ...

As per a Central Board of Indirect Taxes and Customs (CBIC) notification, composition scheme taxpayers will now file GSTR-4 annually by April 30 for the previous financial year ending March 31. There ...

In case the claim is for unutilised credit, a taxpayer has to submit a copy of the Trans-1 return along with copies of returns filed under the excise and service tax regime for last six months in the ...