sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
GST - Goods and Services Tax »
 Inter-state office services to attract GST
 One year on, GST is succeeding and growing
 Is GST helping the Indian economy for the better?
 Businesses can approach jurisdictional tax officer to migrate to GST
 Bills to simplify GST forms, hike composition limit in Lok Sabha
 New GST returns system may not significantly benefit small taxpayers
 Here Are Five Things You Need To Know What is E-Way Bill And Who Needs To Carry It?
 FinMin to examine private security industry demand for GST cut
 GST Council to weigh exemption of small firms from CGST
 Big relief! New GST return forms reduce hassles for small taxpayers
 Consumption behaviour, populism behind GST rate cuts

Window for GST scheme to be open till Sept 30
September, 29th 2017

The GST Department has announced that the window for adopting the composition scheme under the GST Act for small traders, producers, and restaurants will be open till September 30.

Under the scheme, all small traders, producers, and restaurants which have a turnover of less than ?75 lakh need to pay tax at a designated rate for each category.

For small traders, it is 1%, for producers 2%, and for restaurants it is 5%. But those adopting the scheme cannot collect GST. The date has been extended in order to provide an opportunity to those who migrated to the GST regime after August 16 and new registrants, the department said in a statement here.

In the meantime, the Kerala Vyapari Vyavasayi Ekopana Samithi protested against the department’s decision to impose a fine for delay in filing returns.

The samithi, in a statement here, demanded a foolproof GST network and transparent rules to facilitate filing of returns, instead of imposing a burden on the taxpayer.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions