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 1 Part 2 Part 3 Today we will discuss about the Composition Levy in GST Let’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 [...]

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