The GST Council has retained the special composition scheme for bricks under GST 2.0, keeping the levy at 6 per cent without ...

The businesses should approach a chartered accountant at the outset to determine the right tax rate. It’s been more than six years now since the Union government introduced the goods and services tax, ...

The Comptroller and Auditor General (CAG) has recommended that the Finance Ministry regularly identify high-risk taxpayers within the GST composition scheme and verify their declared sales figures ...

The GST 2.0 storm looms over pharmacy retailers handling medicines, nutraceuticals and FMCG which are coming under the Composition Scheme and paying 1% tax on total turnover without input-tax credit.

Nagpur: Small traders who are out of the GST net, or those who have opted for composition scheme, are in a fix after the cut in tax rates. The department of consumer affairs has set up a toll-free ...

The GST composition scheme is available to taxpayers whose aggregate turnover, in the preceding financial year, has not exceeded Rs 1.5 crore. For taxpayers in special category states, this limit is ...

The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including ...