- 5932 Views
- 21 Oct 2022
- Kaksha Modi
- GST, Finance, Rules, Income Tax, Accounts, Updates, Knowledge, Compliance,
INTRODUCTION Composition scheme in GST provides an alternative method of tax payment small and medium taxpayers whose turnover is not exceeding the prescribed threshold. The tax rates under this scheme have been kept at minimal but at the same time a person opting to pay tax under composition levy scheme can neither take input tax credit nor it can collect any tax from the recipient. It is a volu......