Finance

GST THRESHOLD LIMIT FOR COMPOSITION LEVY

GST council has decided composition levy for small and marginal supplier as discussed below:

Sub section (1) of section 10 read with sub-section (2) of the same section of the Central Goods and Services Tax Act, 2017 [CGST Act] provides that an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed Rs.50 lakh (more…)

By whatsq, ago
Finance

Important point about GST registration

As Goods and service tax is set to be launched on july 1st, It is important to note that who are required to get registration under GST before the appointment date i.e.1st July 2017. Below are list of person category who are required to get themselves registered under GST regime. (more…)

By whatsq, ago