GST Composition Scheme Explained: Rule 5 Conditions You Must Follow | gstguy
Composition scheme have these rules also.
🔍 Understanding Rule 5 – Composition Levy Conditions (GST)
Opting for the GST Composition Scheme? ✅ Make sure you follow these rules:
⚠️ Not a casual/non-resident taxable person
📦 Stock must NOT include interstate or imported goods
🚫 No purchases from unregistered dealers (unless tax paid)
🏭 Not a manufacturer of restricted goods
📄 Must mention "composition taxable person" on bills and signage
💡 No need to reapply every year if compliant
Stay compliant, stay stress-free! 💼
#GSTIndia #CompositionScheme #GSTCompliance #SmallBusinessTax #GSTUpdates #TaxSimplified #BillOfSupply #IndirectTaxIndia #BusinessTips #taxindia
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#GSTCompliance #gst
Видео GST Composition Scheme Explained: Rule 5 Conditions You Must Follow | gstguy канала GstGuy
🔍 Understanding Rule 5 – Composition Levy Conditions (GST)
Opting for the GST Composition Scheme? ✅ Make sure you follow these rules:
⚠️ Not a casual/non-resident taxable person
📦 Stock must NOT include interstate or imported goods
🚫 No purchases from unregistered dealers (unless tax paid)
🏭 Not a manufacturer of restricted goods
📄 Must mention "composition taxable person" on bills and signage
💡 No need to reapply every year if compliant
Stay compliant, stay stress-free! 💼
#GSTIndia #CompositionScheme #GSTCompliance #SmallBusinessTax #GSTUpdates #TaxSimplified #BillOfSupply #IndirectTaxIndia #BusinessTips #taxindia
Join this channel to get access to perks:
https://www.youtube.com/channel/UC_udpHHJ49wJKMtIMw7B-XA/join
Ensuring GST Compliance Made Easy! 📈
🔹 10-Year Proven Professionals
🔹 Industry-Diverse Expert
#GSTCompliance #gst
Видео GST Composition Scheme Explained: Rule 5 Conditions You Must Follow | gstguy канала GstGuy
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9 мая 2025 г. 21:10:06
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