In India, starting a business can be thrilling due to the challenges and immense opportunities this market has to offer.
GST law provides two types of tax compliance structures for businesses—Regular Scheme and Composition Scheme. While the Regular Scheme applies to most taxpayers, the Composition Scheme is a simplified ...
The second helps in GST registration, but comes at an annual cost of ₹ 20,000-25,000. Of course, businesses can cancel it post the registration and don’t have to pay the fee year after year.
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