Taxes Taxes are the compulsory payments done by the public to the government. The government uses the money received for public welfare. Taxes can be levied only by the appropriate government. There are mainly 2 types of …

What is the Composition Scheme? Composition Scheme is aimed to bring simplicity and to reduce compliance cost for small businessmen or small taxpayers. Small taxpayers are eligible to opt this scheme. Who is a Small ta…

Why we need to Distinguish between Composite supply and Mixed supply? Often so many times Goods or Services or Both together are supplied in combinations and that is when it became necessary to find which supply is Compos…

GST It stands for goods and services tax. It is a tax of Indirect nature. It is always imposed on the Supply of goods and services. Supply Can be Interstate or Intrastate. Interstate supply is the supply within 2 or…