Subdued demand may force relook at GST composition scheme

NEW DELHI: With just about one lakh of 70 lakh businesses opting for GST Composition Scheme, tax authorities are reviewing why the scheme that allowed such entities to pay a fixed 1-5 per cent tax, has not clicked.

A senior government official said the Central Board of Excise and Customs (CBEC) is trying to ascertain the reasons for businesses not opting for the Composition Scheme that was especially designed to ease compliance burden of small traders.

It plans to step  ..

Source:
http://economictimes.indiatimes.com/articleshow/59830711.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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