1. Meaning of Casual Taxable Person: “Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business. …
Introduction The Composition levy scheme is a very simple scheme for small taxpayers. It is a voluntary and optional scheme. Benefits of Composition Scheme Easy compliance as no elaborate accounts and records to be maintained Simple Quarterly Return Quarterly payment of tax Provisions related to composition levy have been provided under section 10 of the …
Continue reading “Composition Levy Scheme in GST (Goods & Services Tax)”
