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Tag: 22nd meeting of GST council

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Changes in GST (Goods & Service Tax)

Annual aggregate turnover for availing composition scheme increased to 1 Cr. (Special category states-75Lacs except J&K and UK) Composition scheme can be availed till 31.03.2018 by both- migrated and new tax payers. Persons providing exempt services but otherwise eligible for Composition Scheme can now avail the benefit. Relief from getting registered, if turnover less than

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Key Changes in GST (22nd Meeting of GST Council)

In order to ease the compliance burden of SME Sectors, following amendments has been recommended:  Composition Scheme will be available up to the turnover of Rs. 1 Crore. Tax Rate for Composition Scheme will remain same at present level.  Person with a turnover up to 1.5 Crore will be required to furnish the quarterly return

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