GST Composition Scheme: Eligibility, Rates & Rules Explained
The GST Composition Scheme lets a business with turnover up to ₹1.5 crore (₹75 lakh in special category states) pay tax at a flat 1%, 5%, or 6% of turnover instead of the standard rate, in exchange for giving up Input Tax Credit and filing quarterly instead of monthly. It’s governed by Section 10 of […]
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