https://www.taxtmi.com/article/detailed?id=9030 The article describes the composition scheme under GST as a simplified regime for small taxpayers with turnover-based eligibility, specified excluded supplies and persons, prescribed percentage tax rates by business type, mandatory joint opt-in for registrants under the same PAN, and no entitlement to input tax credit. It contrasts quarterly return filing and simplified tax payment under the scheme with the monthly return and credit reconciliation burdens of regular taxpayers, and notes government relief measures and suggested further compliance relaxations in response to COVID-19-related business disruptions. en-us Tue, 31 Mar 2020 12:00:48 +0530 Tue, 31 Mar 2020 12:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9030 The article describes the composition scheme under GST as a simplified regime for small taxpayers with turnover-based eligibility, specified excluded supplies and persons, prescribed percentage tax rates by business type, mandatory joint opt-in for registrants under the same PAN, and no entitlement to input tax credit. It contrasts quarterly return filing and simplified tax payment under the scheme with the monthly return and credit reconciliation burdens of regular taxpayers, and notes government relief measures and suggested further compliance relaxations in response to COVID-19-related business disruptions. Articles Goods and Services Tax - GST Tue, 31 Mar 2020 12:00:48 +0530 https://www.taxtmi.com/article/detailed?id=9030