Search result for 'composition scheme'

Red brick industry urges govt to cut GST to 5%, remove from Special Composition Scheme. High GST impacts affordability & construction costs.

No ITC on GST for individual health & life insurance commissions from Sep 22. CBIC clarifies new GST rules & impact on businesses.

The GST Council has made key decisions to support small-scale businesses and prevent market monopolisation, including measures to ensure accurate IGST settlement and exemptions for traders under...

The Gujarat State GST department conducted searches on seven commercial entities and detected tax evasion of Rs 3.53 crore. The firms were found to be concealing revenues, selling without invoices,...

The CAG has urged the Finance Ministry to identify high-risk taxpayers in the GST composition scheme to prevent tax evasion, citing concerns over under-declaration of sales and non-compliance with...