Day 16 – Composition Levy Scheme under GST | 30 Days GST Challenge In this reel, we break down the Composition Levy Scheme – a simplified GST scheme made especially for small businesses and service providers who want to pay lower tax and avoid heavy compliances. What is the Composition Scheme? A shortcut tax system under GST for small businesses with limited turnover – helps save time, money, and paperwork. Who Can Opt? Goods Suppliers: Turnover up to ₹1.5 Cr Service Providers: Turnover up to ₹5

Do you want to opt for Composition Scheme for 2023-2024? #GST #compositionscheme Here’s what all you need to know. Regular taxpayers can opt for Composition Scheme for the Financial Year 2023-24 by navigating- Services-- Registration-- Application to Opt for Composition Levy and filing Form CMP-02. This facility is available on the GST portal till 31st March 2023. | Goods and Services Tax Network

GST: Changes in composition scheme, who can opt for it & the benefits | The Economic Times

GST return: This is how the simplified return filing process looks like | https://goo.gl/AGzU7K | The Economic Times