Tag - input credit

GST DUNIYA. (Part- 4)

Hello Readers,Hope you had read the previous parts of the GST Duniya series, if not, then read it from here:Part 1Part 2Part 3Today we will discuss about the Composition Levy in GSTLet’s start: Composition Levy (SECTION 10) In terms of section 10(1), a registered person whose aggregate turnover in the preceeding financial year did not exceed rs.50 lakhs, may opt to pay amount(note that it is not a tax which a person is required to pay),in lieu of tax payable in normal [...]