Tag: composition scheme

GST Annual Return Form GSTR 9A – Final Format & Guide

In our previous blog, we brought to you the detailed final format for the GST Annual Return Form GSTR 9. In this blog, we present the final format notified for Form GSTR 9A, along with steps to file it quickly. GST Annual Return Form GSTR…

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Get ready for GST with Tally.ERP 9 Release 6

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GST Compliance and Challenges for Composite Dealers

Any business with an annual turnover less than 1.5 Cr, and involved in trading, manufacturing or owns a restaurant can get registered under the Composition Scheme. Composite dealers have to file their GST returns on a quarterly basis. Although some GST laws are relaxed for…

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Get ready for GST with Tally.ERP 9 Release 6

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What Kind of Technology does a Composite Dealer Need?

Businesses with turnover of up to 1.5 Crores or lesser can opt for the Composition Scheme, as per the GST Council. Only manufacturers of goods, dealers, and restaurants (not serving alcohol) can opt for the scheme. These types of businesses are not required to file…

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Get ready for GST with Tally.ERP 9 Release 6

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GST Composition Scheme Changes – For better or for worse?

Ever since GST was launched on 1st July, the implementation of the law has undergone a multitude of changes. On various fronts, the government has softened its stand and has brought in significant changes to the original law – for instance, GST composition scheme changes,…

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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

36,694 total views, 4 views today