Time Limit Extended for Builders to Choose GST Rate upto 20 May 2019, notifies CBIC
GST Council has tweeted that the Time Limit for Builders to Choose GST Rate has been extended from 10 May 2019 to 20 May 2019 and that CBIC will …
Tag: Composition Scheme
CBIC Notifies Procedure for Quarterly Tax Payment/ Annual Filing of Return by Taxpayers under Optional Composition Scheme
CBIC issued Notification 21/2019 Central Tax dt. 23 April 2019 for prescribing the procedure for quarterly tax payment and annual filing of return by taxpayers availing the benefit of …
CBIC Clarification on 3% GST Rate Option under Notification No. 2/2019 Central Tax Rate dt. 7 March 2019
CBIC has issued clarifications regarding exercise of option to pay tax @3% based on Notification No. 2/2019 Central Tax Rate dt. 7 March 2019, by taxpayers under composition, etc., …
Composition Scheme Threshold Limit Increased to Rs. 1.5 Crore for Suppliers of Goods under GST
CBIC notifies enhanced turnover limit of Rs. 1.5 crore for the existing composition scheme applicable for suppliers of goods, w.e.f. 1 April, 2019, i.e. the limit of threshold of …
CBIC notifies Optional Composition Scheme with 6% GST on Services/ Mixed Supplies
CBIC notifies an 'OPTIONAL' composition scheme for suppliers of 'SERVICES' or 'MIXED SUPPLIES' having annual turn over of upto Rs 50 lacs in the preceding financial year, with a …
Forms for Composition Scheme under CGST Rules 2017 (CMP-01 to CMP-07)
Forms notified by CBIC for Taxpayers under Composition Scheme/ Composition Levy of the CGST Rules 2017 (i.e. CMP-01 to CMP-07).
GST Rates for Composition Scheme Applicable from 1 Feb. 2019 as per CGST Rule 7, notifies CBIC
CBIC has amended Notification No. 8/2017 (Central Tax) dt. 27 June 2017 to align/ prescribe the applicable tax rates for Composition Scheme as provided in Rule 7 of the …
GST Council Meeting Updates (dt. 10 Jan. 2019): Amends Provisions on Composition, Registration, etc.
GST Council in its 32nd Meeting (dt. 10 Jan. 2019) has made various recommendations, providing relief mainly to MSMEs/ Small Traders, including amendments in GST provisions to increase the …
Composition Dealers can submit GSTR-4 without filling details in Item 4A of Table 4
CBIC has issued a Press Release to clarify that composition dealers can submit quarterly GSTR-4 without filling/ submitting details of inward supplies in Item No. 4A of Table 4, …
Composition Dealers need not furnish details of Inward Supplies in Table 4 (GSTR-4), clarifies CBEC
CBEC (CBIC) has clarified that the taxpayers under Composition Scheme are not required to furnish the details of Inward Supplies in Table 4 (item 4A) of FORM GSTR-4 for January 2018 ~ …