WebJan 9, 2024 · GSTR-4 is the GST return form for composition dealers. Unlike regular taxpayers, who must file up to three returns per month, composition dealers must only file one return per year in the form of GSTR-4. In most cases, the deadline for filing the GST competition return is April 30th, following the assessment year. WebNov 24, 2024 · Extended GSTR 9A Form Filing Due Date For FY 2024-19and 2024-20: GSTR 9A Composition Annual Return. Due date. FY 2024-18. 31st January 2024 (Date Showing After Login on GST Portal) FY 2024-19. 31st December 2024 Extended Check gst.gov.in. FY 2024-20. 31st December 2024.
GST Composition Scheme Rules Composition GST Rates Paisabazaar
WebWhether you’re a small business owner, freelancer or just someone who wants to improve their financial management skills, our expert level GST return filing online course covers everything you need to know. From the basics of GST return filing to more advanced concepts, you’ll get step-by-step guidance from industry experts who have years ... WebQ 17. Can a person making application for fresh registration under GST opt for composition levy at the time of making application for registration? Ans. Yes. Such persons can give … cycloplegics and mydriatics
Normal Vs Composition Scheme under GST - TaxGuru
WebThe rates applicable to the composition scheme dealer under GST tries to cover up all the above drawback. The restaurants opting under the composition scheme has to pay GST @ 5% as against 12% or 18%. The rate of GST payable under the normal scheme is much higher than the composition scheme. WebSep 12, 2024 · 2. Benefits of composition schemes. Reduced tax payments as GST under composition scheme is paid at very least rate as compared to GST rates applicable for regular dealers. Lower compliance requirements: Every regular dealer is required to file GSTR-3B on monthly basis and GSTR-1 on monthly/quarterly basis. WebJan 30, 2024 · The applicable composition scheme GST rate features equal SGST/UGST and CGST split i.e. 1% GST = 0.5% CGST + 0.5% SGST/UGST, 6% GST = 3% SGST/UGST + 3% CGST. The composition levy rates under GST are as follows: 1% of the turnover for traders and other suppliers eligible for composition scheme registration. … cyclopithecus