Tuesday, 30 January 2018
Wednesday, 3 January 2018
banking service chronicle
Banking chronicle A Group of Ministers (GoM) has been set up under Assam Finance Minister Himanta Biswa Sarma to make
the composition scheme
more attractive and revisit GST rates
on restaurants. bsc chronicleThe
GoM will submit its report in two
weeks. With only 15.50 lakh businesses
out of the total 98 lakh registered under
the GST regime opting for the composition
scheme, the GST Council has decided
to set up the GoM to examine steps to
make it more attractive. bsc magazine-Buy–Now Businesses with turnover of up to Z1 cr can opt for the composition scheme and pay taxes in the range
of 1-5% and file returns quarterly.
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