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8:35
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GST Composition Scheme: Rules, Turnover Limit, Rate, Benefits
Know about the GST composition scheme rate, rules, limit, benefits and how to check your eligibility. Read GST Composition Scheme in detail with its merits, demerits & transition provisions.
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Day 16 – Composition Levy Scheme under GST | 30 Days GST Challenge In this reel, we break down the Composition Levy Scheme – a simplified GST scheme made especially for small businesses and service providers who want to pay lower tax and avoid heavy compliances. What is the Composition Scheme? A shortcut tax system under GST for small businesses with limited turnover – helps save time, money, and paperwork. Who Can Opt? Goods Suppliers: Turnover up to ₹1.5 Cr Service Providers: Turnover up to ₹5
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