# compositionscheme
3 posts in `compositionscheme` tag
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Important Update for Cancelled Composition Taxpayers Regarding GSTR-3A Notices!
This blog post discusses a common issue for composition taxpayers whose GST registration was canceled before April 1, 2024, or who have already submitted GSTR-4 but received GSTR-3A notices. It explains that these notices result from a system error and can be ignored by the taxpayers affected, meaning no further action is needed. The post also provides guidance on how to raise complaints about other GST-related problems.
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GST Regulations Update: All You Need to Know (Feb 18-24, 2025)
This blog covers the latest GST announcements, notifications, and changes from February 18 to February 24, 2025. Key updates include the Composition Scheme for FY 2025–2026, mandatory E-Way Bills for scrap suppliers, and important compliance deadlines.
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GST Composition Scheme: A Simplified Tax Payment Option for Small Businesses
Instead of paying tax on each transaction, small firms can opt for the GST Composition Scheme, which is a tax payment scheme that allows them to pay a predetermined proportion of their sales as tax. The purpose of this program is to facilitate small business operations and lessen the burden of compliance for them.