Category: Composition
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GST Composition Scheme in India|Eligibility|Advantages|Disadvantages|Compliances
What is the meaning of Composition Scheme under GST? Composition scheme is an alternative taxation levy under GST. It is an optional scheme introduced to benefit the small taxpayers. This will save them from the hustle of lengthy tax compliances like maintenance of detailed records, the filing of multiple returns monthly etc. Also, the procedures…