Tag: Composition Levy

Want to Register under Composition Scheme in GST? Check your Eligibility

Businesses have to balance between managing their business and strive towards profitable venture. At the same time, caution and care is required towards compliance to various laws of the land. Over the past decade, with compliance in our country, though have taken the technology route,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Impact of GST on Traders

On October 14th, 2016 the Confederation of All India Traders (CAIT) signed an MOU with Tally Solutions in order to train their member businesses – roughly 6 lakh traders all over the country, on the subject of GST. While the focus is largely to enable…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Composition Scheme – Impact on SMEs

The heart of the Indian economy is its small and medium business segment. As on today we have about 50 million SMEs in India – contributing almost 37% of the industrial output and 46% of India’s total export. With a stable growth rate of over…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Moving to GST: Composition Dealer Switching to Regular Dealer

All registered taxable persons under the existing indirect tax regime will be automatically transitioned to GST and will be given a provisional registration ID. After validation of the details submitted during enrolment, final registration IDs will be issued. Similarly, those traders, who have opted for…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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GST Composition Levy Explained

This post has been updated on 24 April 2017 to incorporate latest changes. The current state indirect tax regime has provided a simpler compliance for small dealers known as the Composition Scheme. Under this scheme you, Are you GST ready yet? Get ready for GST with…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

164,848 total views, 240 views today

Composition Levy – Does it Really Make Sense?

The biggest Tax reform in Independent India, Goods and Services Tax Act (GST) has brought on a platter, a concept called “Composition Levy’ to its taxpayer. Are you GST ready yet? Get ready for GST with Tally.ERP 9 Release 6 Get a Free Trial 33,643 total…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

33,643 total views, 247 views today