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Jun 12, 2024 · Hospitality and Tourism under Pre-GST. The hospitality industry, like every other sector in the Indian economy, was liable to pay multiple taxes (VAT, luxury tax, and service tax) under the previous VAT regime. A hotel where the room tariff exceeded Rs.1,000, was liable for service tax at 15%.
Jun 15, 2024 · The Composition Scheme is a straightforward and user-friendly arrangement within the GST framework designed to benefit taxpayers. It offers small-scale taxpayers the advantage of escaping the cumbersome GST procedures by enabling them to fulfill their GST obligations at a consistent rate based on their turnover.
2 days ago · A guest persona is a detailed profile of an imaginary character that represents the typical traits of a potential guest segment for an event. This persona isn’t an actual person but a composite of characteristics, behaviours, and preferences that are common to a particular group of guests. Event planners use these personas to understand their ...
Jun 14, 2024 · Online Application Procedure for GST Composition Levy. The taxpayers must follow the below steps to Opt for the Composition Levy on the GST Portal: Visit GST Portal. Step 1: Firstly, the taxpayers have to visit the Goods and Services Tax portal to Opt for the Composition Levy online.
5 days ago · The Composition Scheme enables taxpayers with an annual turnover of up to Rs. 1.5 crore to adopt a simplified tax structure and submit quarterly returns using the GSTR-4 form. To ensure tax compliance and avoid penalties, keeping track of the GSTR 4 due date is crucial.
Jun 7, 2024 · Though the GST Composition scheme is said to be a simplified form of GST, a business may sometimes need to opt out of the composition scheme under GST in certain conditions. Form CMP-04 is required to file for opting out of composition scheme.
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2 days ago · The best overall party composition for Baldur’s Gate 3 is a versatile group consisting of one Wizard, Fighter, Cleric, and Rogue, giving you a balanced team with diverse skills, abilities, and spells. The Fighter serves as your tank or melee damage-dealing aggressor.