Under the One Nation One Tax system, the taxation system in India was replaced by GST – Goods & Services Tax. GST was implemented on July 1, 2017. Before its implementation, different taxes were levied. With GST, all taxes were…
GST Composition Scheme is for the benefits of the small businesses in India. Composition scheme under GST brings relief to small businesses and saves them from the burden of the compliance provisions. In this blog, we shall discuss what is…
Composition Scheme comes as a relief for small businessmen as it reduces their compliance burden. Most small businesses do not have the necessary manpower or resources to keep adequate track of their tax filings. For this, reason the government decided…
