GSTN REOPENS WINDOW FOR COMPOSITION SCHEME

The GST Network (GSTN) today said it has reopened the facility for small Taxpayers with turnover of up to Rs 75 lakh to opt for composition scheme. Such small taxpayers will have time till September 30 to opt for the scheme, which offers easy compliance for business as returns are to be filed only quarterly. Taxpayers were earlier given time till August 16 to opt for composition scheme. But, only 10.86 lakh tax payers, out of total 85 lakh regist...

deccanherald.com (Date:09/17/2017 15:01) Read full article >>

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August: August is the eighth month of the year in the Julian and Gregorian Calendars and one of seven months with a length of 31 days.
September: September is the ninth month of the year in the Julian and Gregorian Calendars and one of four months with a length of 30 days.
Taxpayers: A tax is a financial charge or other levy imposed upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many administrative divisions. Taxes consist of direct or indirect taxes and may be paid in money or as its