If a registered dealer under composite scheme applied for composite scheme under GST Act is he applicable for avail this scheme more
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Oct 31
GST composition is absolutely not connected with any composition scheme under earlier existing laws. You can opt for composition under GST only if you fulfil conditions under GST and there are lot many of them apart from turnover not exceeding 75 Lakhs. For example you can opt for composition for manufacturing / trading of goods or for restaurant business but for no other business. You can not opt for composition under GST for works contract. You can not opt for GST composition even if you have single rupee inter state supply etc. etc. Be careful before opting for composition under GST and verify if you are fulfilling all the conditions prescribed. more
Aug 13
Yes No special permission is required Directly you are injto it. Pl watch out for threshold limits taxes for GST in GST site... more
Aug 10
Composite scheme under G.S.T is applicable to all who opt for it, other than service sector entities, whose turnover is less than Rs.75.00 lakhs. They have to opt out specifically for composition scheme if they are newly registered under G.S.T. Other wise in case of migration cases, they have to separately opt for Composition scheme within the given time. more
Aug 10