GST Composition Scheme

  • It is an alternative method of tax levy under GST designed to simplify compliance and reduce compliance costs for small taxpayers.
  • The main feature of this scheme is that the business or person who has opted to pay tax under this scheme can pay tax at a flat percentage of turnovers every quarter, instead of paying tax at a normal rate every month.
  • This scheme is also applicable to the real estate sector with respect to under-construction, ready and affordable ....
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