WebOct 6, 2024 · It also covers the special composition scheme notified for the service providers vide the CGST (Rate) notification number 2/2024 dated 7th March 2024 with effect from FY 2024-20. This includes: Taxpayers who have opted for composition scheme since registration and have never opted out subsequently; Web2 hours ago · 1. Visit the GST portal: Go to the GST portal (www.gst.gov.in) and click on the “Services” tab, then select “Registration” and click on “New Registration” option. 2. Choose the registration type: Select the type of registration based on the type of business you have, such as Regular taxpayer, Composition scheme, or Casual taxpayer. 3.
Composition Scheme Under GST Conditions to opt Composition …
WebApr 15, 2024 · Here are the steps to file GST REG-21 on the GST portal. Log in to the GST portal and navigate to ‘Services’ > ‘Registration’ > ‘Application for revocation of GST … trulieve higdon address
ALL ABOUT COMPOSITION SCHEME UNDER GST - icmai.in
WebAug 4, 2024 · The Composition Scheme under GST for service providers provides a new tax structure offering a set tax rate of 6% with 3% CGST and 3% SGST. The composition scheme is open to independent service providers as well as mixed suppliers of products and services with a prior fiscal year’s annual turnover of up to Rs. 50 lakh. WebMar 15, 2024 · Composition scheme was made available to service providers: New scheme introduces a fixed tax rate of 6% with 3% CGST and 3% SGST. Independent service providers, as well as mixed suppliers of goods and services with an annual turnover of up to Rs.50 lakh in the preceding financial year can opt for this scheme. WebFeb 8, 2024 · The GST composition scheme will be applicable from the 1st day of the next month If the registered person opts to pay tax under GST composition scheme effect from the first day of a month which is not the first month of a quarter, then he will file Form GSTR-4 return for that quarter. trulieve hazy lights