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FinMin clarifies on return filing by biz opting for composition scheme

FinMin clarifies on return filing by biz opting for composition scheme

Tuesday, April 17, 2018, 6:16 PM

The finance ministry today said traders who have opted for composition scheme need not file certain details in return form since the reverse charge mechanism in not yet functional. The GST Council, headed by Finance Minister Arun Jaitley and comprising state counterparts, has kept the reverse charge mechanism in abeyance till June.
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