5 Things You Need To Know About The GST Composition Scheme
By Mohammed Kudrati Mohandas Pai, a former director of Infosys and the current Chairman of Manipal Global Educators, shared an educational video on the concept behind the composition levy scheme available within the Goods and Services Tax (GST) regime. The video is a short one, showing a patron at a restaurant asking his server to remove the 5% GST component in his bill as the restaurant was under the composition levy. Under this scheme, the restaurant (or any establishment) cannot collect GST on their sales. The video ends with an awareness message showing users how they can verify if an esta...