{"id":5100,"date":"2017-07-23T15:07:45","date_gmt":"2017-07-23T15:07:45","guid":{"rendered":"https:\/\/sunkrish.com\/?p=5100"},"modified":"2017-07-23T15:17:50","modified_gmt":"2017-07-23T15:17:50","slug":"gst-deadline-tax-composition-scheme-last-date-extended-till-august-16","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/07\/23\/gst-deadline-tax-composition-scheme-last-date-extended-till-august-16\/","title":{"rendered":"GST deadline: Tax composition scheme last date extended till August 16"},"content":{"rendered":"<figure id=\"attachment_3082\" class=\"thumbnail wp-caption alignleft\" style=\"width: 240px\"><a href=\"https:\/\/sunkrish.com\/index.php\/2016\/08\/23\/workflow-boost-for-accountants-advisory-firms\/download-8-2\/\" rel=\"attachment wp-att-3082\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3082\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-8-1.jpg\" alt=\"\" width=\"240\" height=\"132\" \/><\/a><figcaption class=\"caption wp-caption-text\"><span style=\"color: #808080;\"><strong>The government today extended the deadline for small businesses to opt for the composition scheme in the GST regime by nearly four weeks to August 16.<\/strong><\/span><\/figcaption><\/figure>\n<p>The government today extended the deadline for small businesses to opt for the composition scheme in the GST regime by nearly four weeks to August 16.<\/p>\n<p>Small businesses with turnover of up to Rs 75 lakh earlier had time till today to opt for the scheme in the Goods and Services Tax regime. \u201cThe Board hereby extends the period for filing an intimation in Form GST CMP-01\u2026 up to August 16, 2017,\u201d the Central Board of Excise and Customs (CBEC) said in an office order.<\/p>\n<p>To opt for composition scheme, the taxpayer needs to log into his account at the GST Portal www.gst.gov.in and select \u2018Application to opt for the Composition Scheme\u2019 under \u2018Services\u2019 menu. They have to fill up the Form GST CMP-01 to opt for the scheme.<\/p>\n<p>Under composition scheme, traders, manufacturers and restaurants can pay tax at 1, 2 and 5 per cent, respectively. \u00a0Businesses opting for the composition scheme will see a lesser compliance burden as they will have to file returns only once in a quarter as against monthly returns to be filed by other businesses.<\/p>\n<p>There are over 70 lakh excise, VAT and service taxpayers who have migrated to the GSTN portal for filing returns in the GST regime which kicked in from July 1. \u00a0Besides, there are over 8 lakh new taxpayers who have registered on the portal. These new registered taxpayers can opt for the composition scheme at the time of registration.<\/p>\n<p>Source: <a href=\"http:\/\/www.financialexpress.com\/economy\/gst-deadline-tax-composition-scheme-last-date-extended-till-aug-16\/773869\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government today extended the deadline for small businesses to opt for the composition scheme in the GST regime by nearly four weeks to August 16. Small businesses with turnover of up to Rs 75 lakh earlier had time till &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2017\/07\/23\/gst-deadline-tax-composition-scheme-last-date-extended-till-august-16\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493,491],"tags":[618,914,298,535,972,976,494,429,295],"class_list":["post-5100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","tag-central-board-of-excise-and-customs-cbec","tag-digital-india","tag-ease-of-doing-business","tag-goods-and-services-tax-gst","tag-gst-network-gstn","tag-gst-service-provider-gsp","tag-msmes","tag-sme","tag-taxation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=5100"}],"version-history":[{"count":1,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5100\/revisions"}],"predecessor-version":[{"id":5101,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5100\/revisions\/5101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3082"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=5100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=5100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=5100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}