There is also confusion in the minds of tax experts whether a small business owner who earns rental income or receives interest income would be eligible for registration under the composition levy ...

The penalty for any breach of compliance or filing mistakes under the composition scheme is turning out to be a deterrent for small businesses.

After analyzing data from 8.66 lakh composition taxpayers under central jurisdiction during the 2019-20 to 2021-22 fiscal years, the CAG found that many GST taxpayers are at significant risk of ...

Businesses opting for composition scheme under GST need not file details of purchases made from their vendors at the time of filing quarterly return GSTR-4, the Finance Ministry said Wednesday.

The Central Government today extended the time limit for filing intimation for composition levy for the small businesses with turnover of up to Rs 75 lakh under the Central Goods and Services Tax Act.

It is heartening to note that, acceding to the request of trade and industry, the group of state finance ministers (GOM) for studying the GST composition levy has recommended to increase the ...

The CBIC had earlier marked April 30, 2019, as the deadline for service providers to opt for the scheme.