As we already know that e-invoicing will soon be implemented on taxpayers having aggregate turnover INR 50 Crores and who are dealing in B2B or export supplies from 1st April 2021. So, it is important for us to know that how a taxpayer can create, freeze and update sub-user on the invoice registration portal (IRP). …
On 1st January 2021, CBIC introduced QRMP Scheme for those taxpayers whose aggregate turnover was less than INR 5 Crores. As per the Quarterly Return Monthly Payment (QRMP) scheme, the eligible taxpayer can make tax payments on a monthly basis but can file GST returns monthly. Moreover, taxpayers who have opted for the QRMP scheme …
You can easily get rid of tedious tasks and compliance under GST by registering for the GST composition scheme for FY 2021-22. However, by opting for a composition scheme you would not be able to claim ITC. GST Rate Applicable for Composition Dealer Here is the list of GST rate applicable on different composition scheme …
