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GST Composition Scheme: Turnover Limit, Eligibility & Rates

GST Composition Scheme

GST Composition Scheme refers to an easy way of taxing for those taxpayers who are eligible and wish to simplify GST compliance and adopt a simpler tax regime. As opposed to taxing their customers at the normal GST rates, eligible taxpayers will have to pay tax at the prescribed composition rate depending on their turnover. […]