GST authority introduced Composition Scheme under GST to give relief to the small taxpayers. It is a very simple scheme and you need to file only one return per quarter (GSTR 4). But there are some limitations under this scheme and all taxpayers are not eligible to register under this scheme. One of the criteria […]
This article contains the meaning of Cess & Surcharge, difference between cess & surcharge, Education cess & it’s rate. Also, according to Budget 2018, existing 3% Education cess will be replace by a 4% Health & Education Cess. So, how it will effect on taxpayer’s tax liability, is also discussed here.
