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

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 Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)Central Board of IndirecRead More…

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

Circular No 77/51/2018 GST
Denial of composition option by tax authorities and effective date thereof  Read Circular No 77/51/2018 GST
F. 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 Chief Commissioners/Chief Commissioners/Principal Read More…

Purchase Details not required in GSTR 4 : Govt Clarification

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 auto-population of the details of inRead More…

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

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 G.S.R. Read More…

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

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 other suppliers vide NotiRead More…

GST Composition scheme not allowed for renting service

Sir if we are collecting rent below Ra 75 lakhs can we go in the composition scheme? Composite scheme is available to certain supplier of services only. Please refer to Section 10 of the CGST Act.. [ Read Composition Scheme under GST ; Analysis ] [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied  ReRead 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 & input purchase/salRead More…

Composition scheme for small taxable persons under GST

Composition scheme for small taxable persons under GST BUY Small taxable persons do not have sufficient knowledge and expertise to comply with the requirements relating to records and accounts under GST.Hence, for them, a simplified composition scheme has been provided, vide clause 8 of GST Model Law, 2016. The scheme is available to those whose aggregate turnover in a financial yeRead More…

New Composition scheme under Delhi Vat ; analysis

New Composition scheme under Delhi Vat Notification of New Composition scheme under Delhi Vat A new composition scheme has been notified under the Delhi VAT Act Vide Notification No. F.3(29)/Fin(Rev-I) 2015-2016/dsvi/93 dated 18.3.2016 with effect from 1.4.2016 . New Composition scheme under Delhi Vat :- Eligibility For every registered dealer – (i)           whose turnover duriRead More…