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Short Analysis of Composition Scheme Under GST

What is Composition Scheme in GST?

Composition Scheme under GST is a scheme which offers comparatively lesser compliance’s.

Small taxpayers can get rid of various GST formalities and can pay GST at a fixed rate of turnover.

For fresh registrations under the GST Composition Scheme, an intimation in Form GST REG- 01 must be filed.

Source Taxguru

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