Banking chronicle A Group of Ministers (GoM) has been set up under Assam Finance Minister HimantaBiswaSarmato make the composition scheme more attractive and revisit GST
rates on restaurants.bscchronicleTheGoM
will submit its report in two weeks.
With only 15.50 lakh businesses out
of the total 98 lakh registered under
the GST regime opting for the composition
scheme, the GST Council has decided
to set up the GoM to examine steps to
make it more attractive.bsc magazine-Buy–Now Businesses with turnover of up to Z1 cr can opt for the composition scheme and pay taxes in the range
of 1-5% and file returns quarterly.
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