Eye Share: Composition Scheme Under GST – How Much Beneficial?

The objective of Composition scheme under GST is to spare small taxpayers from detailed compliances under GST and provide a simple mechanism which has minimum compliance and record maintenance requirements.The author CA. Lekh Sood outlines the two composition schemes - one for those small taxpayers who are predominantly involved in supply of goods and provide little incidental services and the other for all those taxpayers who are predominantly in the business of pr...