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Topicin Taxation

Composition Scheme

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GST15Indian Tax7

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GST Composition Scheme: When 6% Tax Can Cost More Than Regular Filing
Taxation

GST Composition Scheme: When 6% Tax Can Cost More Than Regular Filing

The Goods and Services Tax (GST) composition scheme, designed to simplify compliance for small businesses, might not always be the most cost-effective option. Businesses opting for the 6% composition rate could end up paying more tax than under the regular GST scheme, especially if their input tax credit is substantial.

2h ago·3 min readListen
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Tax figures shown are indicative estimates for education only and depend on your specific situation. Consult a qualified tax professional or the Income-Tax Department before acting.

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