Agency News

⚡Govt Waives Late Fee Till June for Delayed Filing of GST Returns Under Composition Scheme

By PTI

GST composition scheme can be opted by any traders whose turnover is less than Rs 1.5 crore, while it is Rs 75 lakh for businesses in north-eastern states. Under the scheme, manufacturers and traders are required to pay GST at 1 per cent, while it is 5 per cent for restaurants (which do not serve alcohol) and 6 per cent for other service providers.

Read Full Story
Read All QuickLY