gst composition scheme turnover limit

Lawforeverything30 Aug, 2024News

As a business owner, you always want to employ strategies that simplify tax compliance and support your company?s growth. The Goods and Services Tax or GST composition scheme is one such measure by the Indian government that can benefit small businesses. Under this scheme, you can opt to pay taxes at a fixed rate of turnover instead of paying taxes on each transaction. This helps reduce the compliance burden significantly.