Feature to opt in for composition scheme is ready for FY 2021-22

Feature to opt-in for composition scheme is ready for FY 2021-22

Notice: Feature to opt in for composition is ready for FY 2021-22 in the Dashboard of taxpayers at the Common GST Portal. The qualified taxpayers, who need to avail the composition scheme may choose for composition up to 31st March 2021.

GST composition scheme was implemented under the respective State VAT Laws with conditions applied on eligibility for the scheme accordingly. GST composition scheme assures greater compliance without the requirement of maintaining records. This system was missing in Service Tax laws.

from Studycafe https://ift.tt/3rBtvth