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TMI BlogThe following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati today.X X X X Extracts X X X X X X X X Extracts X X X X ..... The following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati today. - Goods and Services Tax - GST Dated:- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10-11-2017 - News - The following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati today. i. Unif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orm rate of tax @ 1% under composition scheme for manufacturers andtraders (for traders, turnover will be counted only for supply of taxable goods). No change for composition scheme for restaurant. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ii. Supply of services by Composition taxpayer upto ₹ 5 lakh per annum will be allowed by exempting the same iii. Annual turnover eligibility for composition scheme will be increased to S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 2 crore from the present limit of ₹ 1 crore under the law. Thereafter, eligibility for composition will be increased to ₹ 1.5 Crore per annum. iv. The changes recommended by GST Cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncil at (ii) and (iii) above will be implemented only after the necessary amendment of the CGST Act and SGST Acts. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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