GST Composition Scheme Explained: Rule 5 Conditions You Must Follow | gstguy
Автор: GstGuy
Загружено: 2025-05-09
Просмотров: 44533
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Composition scheme have these rules also.
🔍 Understanding Rule 5 – Composition Levy Conditions (GST)
Opting for the GST Composition Scheme? ✅ Make sure you follow these rules:
⚠️ Not a casual/non-resident taxable person
📦 Stock must NOT include interstate or imported goods
🚫 No purchases from unregistered dealers (unless tax paid)
🏭 Not a manufacturer of restricted goods
📄 Must mention "composition taxable person" on bills and signage
💡 No need to reapply every year if compliant
Stay compliant, stay stress-free! 💼
#GSTIndia #CompositionScheme #GSTCompliance #SmallBusinessTax #GSTUpdates #TaxSimplified #BillOfSupply #IndirectTaxIndia #BusinessTips #taxindia
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