Tag Archives: composition scheme

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 »

Composition scheme for small taxable persons under GST

By | September 4, 2016

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… Read More »

New Composition scheme under Delhi Vat ; analysis

By | June 4, 2016

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 during the preceding… Read More »

Delhi restaurants & Halwais, migrating to new composition scheme, need not to pay tax on opening stock

By | April 28, 2016

DELHI VALUE ADDED TAX ACT, 2004  NEW COMPOSITION SCHEME FOR RESTAURANTS AND HALWAIS CIRCULAR NO.01 OF 2016-17 [NO.F.3(664)/POLICY/VAT/2016/106-112], DATED 27-4-2016 A new composition scheme has been recently notified by the Government vide notification dated 18/03/2016 in exercise of powers conferred in section 16(12), wherein the registered dealers whose annual turnover is upto Rs. 50 Lakhs… Read More »

Haryana Govt amends composition scheme for developers

By | October 5, 2015

HARYANA VALUE ADDED TAX (THIRD AMENDMENT) RULES, 2015 – SUBSTITUTION OF RULE 49A & INSERTION OF FORM VAT-CD1 AND FORM VAT-R13 NOTIFICATION NO.23/H.A.6/2003/S.60/2015, DATED 24-9-2015 Whereas the State Government is satisfied that circumstances exist which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section… Read More »