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Tag: Filing annual GST returns

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GST Composition 1

Composition scheme- A way to simplify ‘self-assessed’ GST return

Composition scheme is an alternative, simple & hassle free compliance scheme for small taxpayers with minimal procedures. Under this scheme, a taxpayer would be required to pay tax on the turnover based on prescribed percentage as the tax rate is comparatively low than those prescribed for normal taxpayers. The threshold limit of composition scheme extended

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GST 770×433 1

Forthcoming changes in Goods and Services tax (GST) portal

Within last six months, the GST portal keeps rolling out new updates to help taxpayers file their returns more smoothly and effectively. Taxpayers need to be up-to-dated in order to avoid missing out on vital compliances, which in turn would prevent notices being issued to them. Below is the gist of updates rolled out for

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