TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Kerala GST Department Simplifies Tax Compliance for SMEs with Composition Scheme: Fixed Rate, Turnover Limit, No Interstate Supplies.</h1> The circular from the Kerala Goods and Services Taxes Department outlines the GST Composition Scheme for small and medium businesses. It simplifies tax compliance by allowing eligible taxpayers to pay a fixed rate on turnover instead of regular GST rates. Key conditions include a turnover limit of Rs. 75 lakhs, restrictions on service supply eligibility, and prohibition of interstate and e-commerce supplies. Participants cannot collect tax on supplies or claim input tax credit. Returns must be filed quarterly and annually. The scheme requires specific documentation, and breaches may lead to a shift to the regular tax scheme. A mobile app for composition dealer information is forthcoming.
TaxTMI 
TaxTMI 
