How GST works
How GST works
Jun 22, 2023
ato.gov.au
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Day 16 – Composition Levy Scheme under GST | 30 Days GST Challenge In this reel, we break down the Composition Levy Scheme – a simplified GST scheme made especially for small businesses and service providers who want to pay lower tax and avoid heavy compliances. What is the Composition Scheme? A shortcut tax system under GST for small businesses with limited turnover – helps save time, money, and paperwork. Who Can Opt? Goods Suppliers: Turnover up to ₹1.5 Cr Service Providers: Turnover up to ₹5
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