Question

How will tax be fixed on price increase in Goods and Service Tax Act ?​

Answer 1

Answer:

1. Threshold limit to take registration has been increased to Rs. 40 lakhs

2. Threshold Limit for composition scheme has been increased to Rs. 1.5 crores.

3. New Scheme is now available @ 6% to Intra-State Suppliers of Goods or Service.

4.New Scheme is now available @ 6% to Intra-State Suppliers of Goods or Service. ...

5.Due dates for filing of GSTR-1 and GSTR-3B have been announced. ...

6.Option to opt for Composition Scheme.

HOPE THIS HELPS YOU!!