The GST Council on Sunday also reduced the tax rate for 66 items under GST. New Delhi: Industry and other stakeholders on Sunday hailed the Goods and Services Tax (GST) Council's move of bringing ...

The option to pay Goods and Services Tax (GST) at reduced rate of 6% would be effective from the beginning of the financial year or from the date of obtaining new registration during the financial ...

The CBIC has notified the simplified 'statement for payment of self-assessed tax' in Form GST CMP08 to be filed by taxpayers who have opted for composition scheme, under which businesses have to pay ...

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 ...

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 ...

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 ...

What is GST Composition Scheme? The composition levy is designed for small taxpayers whose turnover is up to Rs. 1.5 crore ( Rs 1 crore in the case of a few States). The objective of the composition ...

The GST Council today decided to raise the revenue threshold under the composition scheme to Rs 1 crore from Rs 75 lakh at present, Finance Minister Arun Jaitley said. This is expected to bring big ...

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 ...

Big businesses in India are happy with the introduction of GST but small and medium enterprises (SMEs) and start-ups that don't have required resources and expertise to facilitate GST compliance ...