You are here: Home >> English News & Features >> City-Ahmedabad

CGST reduced under composition scheme

DNAHM117834 | 1/3/2018 | Author : DNA Correspondent | WC :233 | Business & Economy



Small manufacturers and retail traders got some relief in Goods and Services Tax (GST) with the central government amending the tax provisions for CGST through a notification late on Monday.
Under the Composition Scheme, manufacturers had to pay 2% GST (1% CGST and 1% SGST) on their turnover, while traders had to pay 1% GST (0.5% CGST and 0.5% SGST) on the total sale of goods, both taxable and tax free.
Now the tax on manufacturers, who have subscribed to the Composition Scheme, has been halved to one percent, while traders will have to pay tax on turnover of taxable goods only.
Accordingly, manufacturers will have to pay 0.5% CGST (from 1% earlier) and traders 0.5% CGST on sales of taxable goods only.
"This will
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on City-Ahmedabad

Walled city getting dirty water, complains MLA
DNAHM120355 | 4/22/2018 12:00:00 AM | Author : DNA Correspondent | WC :166

Jamalpur MLA Imran Khedawala, at the meeting between MP-MLA and AMC officials on Saturday, put grievances of his area and asked to bring a solution for polluted water.
Khedawala alleged that residents have to waste a lot of water, especially the
Add To LightboxCalculate Price

Sumo sisters undergo Bariatric surgery
DNAHM120356 | 4/22/2018 12:00:00 AM | Author : DNA Correspondent | WC :432

Almost three years after they first came into limelight, two sisters from Una may have hopefully found a solution to their morbid obesity, a result of a genetic condition.
The sisters Yogita and Amisha Nandwana both aged 8.5 years and 6 years
Add To LightboxCalculate Price

Seven occupiers paid more than crores tax in Ahmedabad
DNAHM120357 | 4/22/2018 12:00:00 AM | Author : Gargi Raval | WC :256

Have you ever wondered who is paying the highest property tax in your city? And how much are they paying? There are seven occupiers in city, who have paid more than crore as tax fees to Ahmedabad Municipal Corporation (AMC) during last fiscal.
A
Add To LightboxCalculate Price

Sewage water overflowing Hatkeshwar streets: Locals
DNAHM120358 | 4/22/2018 12:00:00 AM | Author : DNA Correspondent | WC :222

With monsoon is quite far, residents of Hatkeshwar are experiencing waterlogged roads filled with sewage.
"We have been facing the problem since last two weeks. We have filed a complaint at the civic body. However, there is no solution sugge
Add To LightboxCalculate Price