Composition Scheme

Composition Scheme What is the composition scheme? It is a scheme under GST for┬ásmall businesses belonging to the unorganized sector with aggregate turnover less than Rs. 1.5 crore (less than 75 lakhs for North Eastern states). The business owners registered under this scheme are called compounding vendors/dealers, and these vendors pay tax at a lesser … Read more

GST Returns

GST Returns Note: Submit serial number wise only Name each document with it name Regular Scheme 1.Once month collection sale purchase bills/register. 2.ITC details for claim input credit. 3.Challan creation for GST Tax payment. 4.The invoice format in Excel or PDF Only. Composition Scheme 1.Once month collection sale purchase bills/register. 2.ITC details for claim input … Read more