Composition scheme for services sector with turnover limit of Rs. 50 lakhs

  • | Goods and Services Tax - News
  • 10 Jan 2019
  • 2,607 Views
  • 1 comment
    • Print Friendly and PDF

The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri  Arun Jaitley introduced A new composition scheme for services sector and for mixed transactions of goods and services with turnover limit of Rs.50 lakhs at 6% GST.

More details to follow

Tags: ,

More Under Goods and Services Tax

Quick glance of treatment of sales promotion scheme under GST
Pruning taxes for products in highest GST slab
Credit note and Discount under GST, and its impact on ITC of recipient of goods or services
Deemed exports in Annual Return GSTR 9
Applicability of GST Audit

One Comment

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest Posts

  1. Negotiable Instrument Act covers not only debt but also covers Later Liability
  2. Section 80G approval cannot be rejected on the ground that society is not engaged in charitable activities
  3. Depreciation on non ­compete fee payment treating it as an intangible asset
  4. Empanelment with Punjab & Sind Bank for Concurrent Audit
  5. Blanket Quashing of Trademark Removal: Another Chance for defaulters!
  6. AO cannot doubt share premium if he accepts receipt of share capital as genuine
  7. Penalty cannot be imposed on disallowance of creditors for want of address verification
  8. Non Filing of Income Tax Return | Offence under Section 276CC
  9. Revisiting Classic Decisions-#1- Global payment solution provider MasterCard has a PE in India: AAR
  10. Quick glance of treatment of sales promotion scheme under GST
View All Latest Posts

Popular Posts

  1. GST Certification Course on Pen Drive by TaxGuru
  2. Join 4 day Course on GST by M.S.M.E. with Certification
  3. Postpone last date for filing GST returns in Form GSTR 9, 9A & 9C
  4. Strike off of Companies / Dissolution of Company- New Provision
  5. GST Annual Return & subsequent reconciliation for GST Audit- Issues
View All Popular Posts

Featured Posts

  1. GST Certification Course on Pen Drive by TaxGuru
  2. Issues in filing Form GSTR 9C / Form GSTR 9: Steps to be taken
  3. FAQs on Overseas Direct Investments
  4. Statutory Audit Report Format for Private Limited Companies
  5. Form 16B – TDS certificate for sale of property
  6. Annual Return (FORM GSTR-9)- Solution to 8 Queries
  7. GST Reconciliation – Books Vs 2A
  8. Reverse Charge Mechanism in GST Regime with Chart – Updated till date
  9. Solution to GSTR 9 Queries (GST Annual Return)
  10. GST: Change in Tax Rates for Composition Taxpayers (Updated)
View All Featured Posts