but also pay GST at a lower, fixed composition tax rate on their turnover. In this section, you will get a complete view of theGST composition scheme. From its eligibility, to its applicability, to some frequently asked questions, get all your queries cleared at a single click, right here...
Later topics are quite complex and refer to things like 'input tax credits' and the 'Margin Scheme'. The maths required here is not for the beginner, but even for those with maths phobia it provides useful background which should allow you to have an intelligent conversation with your ...
4. Growth Margin Even though the annual turnover of a composite dealer is lower than a regular taxpayer, he/she can still have a leading edge in the market and gain better profit margin than his/her counterparts. With the composition scheme’s nominal tax rate, the composite dealer has the...