Composition Scheme under GST is a relief mechanism, especially for small taxpayers, wherein they can not only have comparatively less tedious compliance practices to deal with, but also pay GST at a lower, fixed composition tax rate on their turnover. In this section, you will get a complete...
I am a scrap dealer and registered under GST. We finished the return up to February and till the date not filing excess input tax. Can I submit the REFUND form? Any dis-allowances for the same. Kindly clarify. Thanking you yours faithfully Reply Nitin Agrawal May 15, 2018 at 12:08 pm...
Businesses registered under the Composition Scheme GST ReturnsPurpose GSTR4 Quarterly return for compounding vendors (It contains the total value of supply made during the period covered by the return, along with the details of the tax paid at the compounding rate (not more than 1% of aggregate ...
Simplify GST return filing with IndiaFilings. Whether you need to complete GST filings monthly or quarterly, our expert accountants are here to assist.
The types of GST returns can be broadly classified as Regular Businesses, Companies registered under the Composition Scheme, Other types of business people and dealers, Amendments, Auto-drafted Returns, and Tax Notice. GST can be filed online conveniently by logging in to the GST Portal. ...
Under Composition scheme, GSTR 4 requires to be file on quarterly basis. Q. What if i don't file GST Return ? Non-filing of GST return on time will attract a penalty of 20-50 per day until GST return for such month/ quarter not filed. ...
Features of export under GST scheme The goods and services can be supplied to outside India either on payment of IGST (Integrated Goods and Services Tax), claimable as refund after the goods have been exported, or under Bond or Letter of Undertaking (LUT) without payment of IGST. For goods...
We help businesses that meet the required turnover threshold get their GST registration and assist those who want to register under GST regulations voluntarily. Composition Scheme Registration We also assist small businesses in obtaining GST Composition Scheme registration, allowing them to benefit from...
The GSTN department will soon enable the composition scheme for the financial year 2025-26, allowing taxpayers to file Form CMP-02 from February 4 to March 31, 2025. 28th January 2025 GSTN’s new advisory has enabled GST registration via biometric-based Aadhaar authentication and document verifi...
GSTR-9Ais a return filed annually by those taxpayers who opted for composition scheme under GST. It includes all quarterly returns filed by the composition taxpayers during the financial year. GST Return Filed By Certain Specific Registered Dealers ...