Goods and Service Tax
GST has been introduced with effect from 1st July, 2017 which is one of the biggest tax reforms in the history of India. Goods & Service Tax is a comprehensive, multi stage, destination based tax which is levied on every…
Category Direct And Indirect Taxes
Composition Scheme of GST
Who is composition Supplier? A Composition supplier is a person registered under section 10 of CGST Act 2017 Pays 1% GST on his total sales (Example if sales is Rs. 5,00,000, GST payable is Rs. 5,000 (being 1% of sales)…