Tag Archives: composition scheme

Opting-in for Composition Scheme for Financial year 2021-22

By | March 24, 2021

Opting-in for Composition Scheme for Financial year 2021-22 24/03/2021 How to opt-in for Composition Scheme: The eligible registered taxpayers, who want to opt-in for composition scheme for the FY 2021-22, need to file FORM GST CMP-02 application, on or before 31st March, 2021, post login on GST portal. The taxpayers may navigate as follows: Log-in>Services > Registration… Read More »

Notification No 14/2019 Central Tax : Composition Scheme Limit increased from 01.04.2019

By | March 8, 2019

  Notification No 14/2019 Central Tax Notification No 14/2019 Central Tax Dated 07.03.2019 Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores. [To be published in the… Read More »

Circular No 77/51/2018 GST : Denial of composition o ption by tax authorities and effective date thereof

By | December 31, 2018

Circular No 77/51/2018 GST Circular No 77/51/2018 GST : Denial of composition option by tax authorities and effective date thereof  Read Circular No 77/51/2018 GST No. CBEC-20/16/04/2018-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 31st December, 2018 To, The Principal… Read More »

Purchase Details not required in GSTR 4 : Govt Clarification

By | October 18, 2018

Ministry of Finance  Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 Posted On: 17 OCT 2018 3:10PM Watch Video Explanation by CA Satbir Singh It has been brought to notice that doubts regarding the manner of filing the quarterly return by Composition Dealers in FORM GSTR-4 in the absence of… Read More »

Notification No 46/2017 Central Tax : Turnover Limit for Composition scheme Increased

By | October 14, 2017

Notification No 46/2017 Central Tax Seeks to amend notification No. 8/2017-Central Tax vide Notification No 46/2017 Central Tax Dated 13th October, 2017 [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) Notification No. 46/2017- Central Tax New Delhi, the 13th October, 2017… Read More »

Notification No 16/2017 Union Territory Tax : Composition Scheme : Turnover Limit

By | October 14, 2017

Notification No 16/2017 Union Territory Tax Seeks to amend notification No. 2/2017-Union Territory Tax vide Notification No 16/2017 Union Territory Tax Dated 13th October, 2017 [ Also read : Union Territory Tax seeks to further amend notification No. 2/2017 – Union Territory Tax so as to prescribe effective rate of tax under composition scheme for manufacturers and… 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 »