Opt for Composition Scheme upto 31.03.2024
Taxpayers can opt for Composition Scheme by accessing the GST Portal
Tag: Composition taxpayers
Is It Mandatory To Pay GST At All Restaurants? Know When To Pay And When Not
In July of 2017, while the nation was already having a heated debate on demonetisation, the government implemented the Goods and Services Tax ( GST). It is an indirect tax replacing numerous other indirect taxes, including services tax, VAT, and…
Regular taxpayers can opt for Composition Scheme
Regular taxpayers can opt for Composition Scheme for Financial Year 2023-24 by navigating as ‘Services-> Registration-> Application to Opt for composition Levy’ and filing Form CMP-02. This facility is available on GST Portal till 31st March, 2023. Source: GSTIN
Removal of negative balance in cash ledgers of some composition taxpayers
08/07/2022 Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative. The government has now decided that the negative balance in the cash ledgers of such taxpayers…
GSTN issued advisory w.r.t. composition taxpayers
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated April 30, 2022 with respect to composition taxpayers. Background: Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while return…
Order-11/2017-GST dated 21.12.2017
Extension of time limit for intimation in FORM GST CMP-03
Order-05/2017-GST dated 28.10.2017
Extension of time limit for intimation of details of stock in FORM GST CMP-03