Composition Levy under GST: A Comprehensive Guide

Varshamore14 Feb, 2023Business

GST (Goods and Services Tax) is a comprehensive tax levied on the supply of goods and services in India. GST was introduced on July 1, 2017, as a single indirect tax replacing multiple taxes and levies charged by the Central and State Governments. One of the key provisions of GST is the Composition Levy, which provides a simplified compliance procedure for small taxpayers.