GST Composition Scheme

Allow Filing of Form GSTR-9A for taxpayer who Opted to Pay Composition Tax

Goods and Services Tax - SEEKING FACILITATION  OF FILING  FORM GSTR 9-A ( ANNUAL RETURN)  FOR THE PERSON WHO OPTED TO PAY COMPOSITION TAX,  ON THE GST COMMON PORTAL, IMMEDIATELY SINCE FOR 2020-21. 1. DISTINGUISH ‘FINANCIAL RETURN’ AND ‘ANNUAL RETURN’ :- Very  clearly speaking, the form GSTR-4 is a financial year- Return, shall be furnish between the ...

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Major issues of Composition dealer under section 10 of GST

Goods and Services Tax - Major issues of Composition dealer A. Can a composition taxpayer supply exempted goods/services? B. If a composition taxpayer supply exempted Goods/services, whether he has to pay GST on exempted supply also? C. Whether Composition tax payer paid tax under RCM is eligible to avail input tax of those tax paid under RCM? D. When a […...

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Diving into composition scheme under GST

Goods and Services Tax - Introduction to composition scheme: A scheme named composition scheme/Composition levy is introduced in the GST law in addition to normal levy. The reason for introducing this scheme is to reduce the tax burden of small taxpayers whose aggregate turnover is less than the prescribed limits. What is a composition scheme: In a composition s...

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Composition Scheme Under GST – Eligibility, Tax Rate, Conditions

Goods and Services Tax - Composition Scheme is uncomplicated and simple scheme under GST for small taxpayer. They can get relaxation from monotonous GST formalities and can also pay tax at a fixed rate of Turnover. This scheme is only applicable to those whose turnover is not exceeding Rs. 1.5 Crores. ELIGIBLITY FOR COMPOSITION SCHEME: A taxpayer whose turnover i...

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Levy under GST Composition Scheme

Goods and Services Tax - Meaning and applicability of composition Scheme Section 10 of the CGST Act, is an exception to the charging section i.e. section 9 of the CGST Act, 2017. Composition scheme in simple words can be explained as payment of tax at concessional rate on the basis of turnover. This scheme is designed to give benefit to […]...

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Option in Form RFD-01 to get refund arising out of excess payment in GSTR 4

Goods and Services Tax - While filing Annual Return GSTR-4, if composition taxpayers have deposited excess tax, they will now be able to file for GST refund ...

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Grievance Submitting – GST Composition Dealer – Annual Return

Goods and Services Tax - A memorandum is submitted to Finance Minister  on Grievance related to scheme of annual return filing for the composition dealers under GST Act — modify the Late fee Rs. 10000/- imposing contrary to the 43rd GST Council decision – rectifications need to erroneous auto filled columns in GSTR 4 forms. Full text of the same [&hellip...

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Waiver of late fees for non-filing of annual return (GSTR-4) by composition dealers

Goods and Services Tax - A representation has been sent to CBIC requesting Waiver of late fees for non- filing of annual return ( GSTR-4) by composition dealers.  We understand that many of your clients may be facing the same problem of non- filing of GSTR-4 due to which late fees would be levied on them. You may consider to submit a letter to CBIC on similar li...

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Request to extend benefit of Amnesty scheme to Composition Dealers

Goods and Services Tax - It is respectfully requested to please provide the benefit of Amnesty Scheme to Composition Dealers and allow them to file GSTR-4 for FY 2019-20 and earlier periods with minimum late fees....

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Relief measures for taxpayers under GST in view of COVID-19

Goods and Services Tax - In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the second wave of COVID-19 pandemic, the Government has issued notifications, all dated 1st May, 2021, providing various relief measures for taxpayers. These measures are explained b...

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Ice Cream manufacturer not eligible for GST Composition Scheme

In re Pioneer Bakers (GST AAR Odisha) - In re Pioneer Bakers (GST AAR Odisha) Q. (a)Whether supply of Cakes, bakery items, ice creams, chocolates, drinks and other eatable products prepared at the premises of the applicant and supplied to the customers from the counter with the facility to consume the same in the air-conditioned premises ...

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Reconsider decision of exclusion of Ice Cream from Composition Scheme: HC directs GST Council

Del Small Ice Cream Manufacturers Welfare’s Association (Reg.) Vs Union Of India & Anr (High Court Of Delhi) - Del Small Ice Cream Manufacturers Welfare’s Association (Reg.) Vs Union Of India & Anr (High Court Of Delhi) Hon’ble High Court direct the GST Council to reconsider the exclusion of small scale manufactures of ice cream from the benefit of Section 10(1) of the Act, including on the afore...

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Merely exercising option under composite scheme cannot prevent Revenue from GST recovery

Godway Furnicrafts Vs the State of AP (Andhra Pradesh High Court) - Merely exercising option under composite scheme cannot prevent Revenue Department from demanding recovery of GST The Hon’ble Andhra Pradesh High Court in Godway Furnicrafts vs. the State of AP [Writ Petition No. 10350 of 2020, dated November 11, 2020] confirmed the demand for recovery of Goods and...

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AAR Ruling on Applicability of GST Composition Scheme & Applicable Tax Rate

In re Empathic Trading Centre (GST AAR Karnataka) - In re Empathic Trading Centre (GST AAR Karnataka) 1. The applicant is eligible to be in the composition scheme under section 10 of the CGST Act, 2017 if the turnover of services of the applicant does not exceed ten per cent of turnover in a State or Union territory in the preceding financial year or...

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Supply of goods or services for ‘setting up of network’ is Composite supply

In re Sterlite Technologies Limited. (GST AAR Maharashtra) - The supply of goods or services for 'setting up of network' would qualify as a Composite supply of works contract as defined in clause (119) of section 2 of the Central Goods and Services Tax Act, 2017....

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Negative balance in cash ledgers of composition taxpayers nullified

Press Release No. 546 - (08/07/2022) - The government has now decided that the negative balance in the cash ledgers of such taxpayers should be nullified. Accordingly, the negative balance has been nullified....

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CBIC extends due date of furnishing FORM GST CMP-08 for June 2022

Notification No. 11/2022–Central Tax [G.S.R. 514(E)] - (05/07/2022) - Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending June, 2022 till 31.07.2022 – Notification No. 11/2022–Central Tax | Dated: 5th July, 2022. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 11/202...

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Advisory to composition taxpayers under GST

PRess Release No. 536 - (30/04/2022) - Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while return in Form GSTR-4 is required to be filed on annual basis after end of a financial year....

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Notification No. 02/2022-Central Tax (Rate), Dated: 31.03.2022

Notification  No. 02/2022-Central Tax (Rate), [G.S.R. 237(E).] - (31/03/2022) - Notification No. 02/2022-Central Tax (Rate), Dated: 31.03.2022 – Seeks to provide for a concessional rate on intra state supply of bricks conditional to not availing the ITC , as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 0...

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Notification No. 01/2022-Central Tax (Rate), Dated: 31.03.2022

Notification No. 01/2022-Central Tax (Rate), [G.S.R. 236(E)] - (31/03/2022) - Notification No. 01/2022-Central Tax (Rate), Dated: 31.03.2022 – Seeks to amend notification No. 1/2017-Central Tax (Rate)  MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 01/2022-Central Tax (Rate) G.S.R. 236(E).—In exercise of the powers confer...

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Recent Posts in "GST Composition Scheme"

Allow Filing of Form GSTR-9A for taxpayer who Opted to Pay Composition Tax

SEEKING FACILITATION  OF FILING  FORM GSTR 9-A ( ANNUAL RETURN)  FOR THE PERSON WHO OPTED TO PAY COMPOSITION TAX,  ON THE GST COMMON PORTAL, IMMEDIATELY SINCE FOR 2020-21. 1. DISTINGUISH ‘FINANCIAL RETURN’ AND ‘ANNUAL RETURN’ :- Very  clearly speaking, the form GSTR-4 is a financial year- Return, shall be furnish between the ...

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Option in Form RFD-01 to get refund arising out of excess payment in GSTR 4

While filing Annual Return GSTR-4, if composition taxpayers have deposited excess tax, they will now be able to file for GST refund ...

Read More

Negative balance in cash ledgers of composition taxpayers nullified

Press Release No. 546 08/07/2022

The government has now decided that the negative balance in the cash ledgers of such taxpayers should be nullified. Accordingly, the negative balance has been nullified....

Read More

CBIC extends due date of furnishing FORM GST CMP-08 for June 2022

Notification No. 11/2022–Central Tax [G.S.R. 514(E)] 05/07/2022

Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending June, 2022 till 31.07.2022 – Notification No. 11/2022–Central Tax | Dated: 5th July, 2022. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 11/2022–Central Tax | Dated: 5th July, 2022 ...

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Grievance Submitting – GST Composition Dealer – Annual Return

A memorandum is submitted to Finance Minister  on Grievance related to scheme of annual return filing for the composition dealers under GST Act — modify the Late fee Rs. 10000/- imposing contrary to the 43rd GST Council decision – rectifications need to erroneous auto filled columns in GSTR 4 forms. Full text of the same [&hellip...

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Advisory to composition taxpayers under GST

PRess Release No. 536 30/04/2022

Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while return in Form GSTR-4 is required to be filed on annual basis after end of a financial year....

Read More

Notification No. 02/2022-Central Tax (Rate), Dated: 31.03.2022

Notification  No. 02/2022-Central Tax (Rate), [G.S.R. 237(E).] 31/03/2022

Notification No. 02/2022-Central Tax (Rate), Dated: 31.03.2022 – Seeks to provide for a concessional rate on intra state supply of bricks conditional to not availing the ITC , as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 02/2022-Central Tax (Rate) | Dated: 31st ...

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Notification No. 01/2022-Central Tax (Rate), Dated: 31.03.2022

Notification No. 01/2022-Central Tax (Rate), [G.S.R. 236(E)] 31/03/2022

Notification No. 01/2022-Central Tax (Rate), Dated: 31.03.2022 – Seeks to amend notification No. 1/2017-Central Tax (Rate)  MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 01/2022-Central Tax (Rate) G.S.R. 236(E).—In exercise of the powers conferred by sub-section (1) of section 9 of t...

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Notification No. 04/2022-Central Tax, Dated: 31.03.2022

Notification No. 04/2022-Central Tax, [G.S.R. 243(E).] 31/03/2022

Notification No. 04/2022-Central Tax, Dated: 31.03.2022 – Seeks to amend notification no. 14/2019-Central Tax to implement special composition scheme for Brick Kilns, as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 04/2022-Central Tax G.S.R. 243...

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Notification No. 03/2022-Central Tax, Dated: 31.03.2022

Notification No. 03/2022-Central Tax, [G.S.R. 242(E).] 31/03/2022

Notification No. 03/2022-Central Tax, Dated: 31.03.2022 – Seeks to amend notification no. 10/2019-Central Tax to implement special composition scheme for Brick Kilns, as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 03/2022-Central Tax G.S.R. 242...

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