Composition scheme is a simple and easy scheme under GST for Taxpayers. Under this scheme Taxpayers pay GST at a fixed rate of turnover.
Composition scheme under GST law has been given under Section 10 of the CGST Act.
Watch this video to know:
What is Composition Scheme ?
Who can opt for Composition Scheme ?
Who cannot opt for Composition Scheme ?
Condition for availing Composition Scheme.
How can taxpayer opt for Composition Scheme ?
How should a Composition Dealer raise Invoice?
GST Rates for Composition Dealer.
Returns to be filed and Due date for a Composition Dealer.
Interest & Penalties.
Advantages & Disadvantage of Composition Scheme.
Blog/Article: https://www.adagarwal.com/composition-scheme-under-gst/
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This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
