The GST 2.0 storm looms over pharmacy retailers handling medicines, nutraceuticals and FMCG which are coming under the Composition Scheme and paying 1% tax on total turnover without input-tax credit.

The Bangalore District Druggists and Chemists Association (BDCDA) is proactively encouraging and assisting the retailers to migrate from the composition scheme to the regular GST framework so that ...

Nagpur: Small traders who are out of the GST net, or those who have opted for composition scheme, are in a fix after the cut in tax rates. The department of consumer affairs has set up a toll-free ...

There is persistence of dual treatment within the 5 percent slab. Taxation experts have cautioned that the carve-outs offered in rates, along with classification anomalies and unresolved input tax ...