GST Composition Scheme registration open till Sept. 30
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The GST Network said it has reopened the facility for small taxpayers with turnover of upto 75 lakh rupees to opt for composition scheme. Such small taxpayers will have time till September 30 to opt for the scheme, which offers easy compliance for business as returns are to be filed only quarterly.
Taxpayers were earlier given time till August 16 to opt for composition scheme. But, only 10.86 lakh tax payers, out of total 85 lakh registered businesses opted for the scheme.
In a statement, GSTN said the window will be open for those tax payers who have migrated from the earlier excise, service tax ot VAT regime as well as for new registered taxpayers.#casansaar (Source - NewsonAir)
Taxpayers were earlier given time till August 16 to opt for composition scheme. But, only 10.86 lakh tax payers, out of total 85 lakh registered businesses opted for the scheme.
In a statement, GSTN said the window will be open for those tax payers who have migrated from the earlier excise, service tax ot VAT regime as well as for new registered taxpayers.#casansaar (Source - NewsonAir)
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