Composiotion Scheme for GST
This query is : Resolved
13 April 2022
Sir,
Please help me for following subject
1.My business of furniture turnover up 50,00,000.00 sir i can use composition scheme
2.How many rates calculate for composition scheme for furniture and electrical material selling
3.How to criteria of set-off
4.Help for return criteria
Please help
Please help me for following subject
1.My business of furniture turnover up 50,00,000.00 sir i can use composition scheme
2.How many rates calculate for composition scheme for furniture and electrical material selling
3.How to criteria of set-off
4.Help for return criteria
Please help
13 April 2022
1 yes, you can opt for composition scheme.
2 Only one rate of 1% GST not to be mentioned in the bill.
3 Pay GST quarterly based on quarterly turnover.
2 Only one rate of 1% GST not to be mentioned in the bill.
3 Pay GST quarterly based on quarterly turnover.
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13 April 2022
Sir, I Can use this scheme from 01/04/2022 for Yearly Basis
13 April 2022
Yes, opt for it from 1st April 22.
If you are a new tax payer you can opt now.
Existing Taxpayers: Any taxpayer who is registered as normal tax payer under GST needs to file an application to opt for Composition Levy in Form GST-CMP-02 at GST Portal prior to the commencement of financial year for which the option to pay tax under the aforesaid section is exercised.
If you are a new tax payer you can opt now.
Existing Taxpayers: Any taxpayer who is registered as normal tax payer under GST needs to file an application to opt for Composition Levy in Form GST-CMP-02 at GST Portal prior to the commencement of financial year for which the option to pay tax under the aforesaid section is exercised.
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