The Composition Scheme under GST is a streamlined tax mechanism designed to reduce the compliance burden for small businesses. By opting for this scheme, taxpayers can pay GST at a reduced, fixed rate on their total turnover and file simplified… Continue Reading Composition Scheme under GST →
Under QRMP you pay tax monthly but file returns quarterly. Tax for months 1 and 2 goes out by PMT-06 challan; the return and any balance are settled in month 3. QRMP Eligibility Any GST-registered taxpayer whose aggregate annual turnover… Continue Reading GST QRMP Scheme — FAQs →
Published in Free Press Kashmir Read Article →
Inter-state movement — standard rule applies The central GST law requires an e-way bill for all interstate transportation of goods in excess of ₹50,000. So any inter-state goods moving into or out of J&K above ₹50,000 value requires an e-way… Continue Reading E-way Bill Applicability and Exemption in Jammu and Kashmir →
Under the Goods and Services Tax (GST) regime, businesses providing services must obtain mandatory GST registration once their aggregate annual turnover crosses a specific threshold. For service providers operating in Jammu and Kashmir, the threshold limit is set at ₹20… Continue Reading GST Registration for Services in Jammu & Kashmir →
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