GST Compensation Scheme: Last two days to take no hassle low tax option, here’s how taxpayers can apply

Businesses that choose to opt for a simplified way of paying their GST (Goods and Services Tax) have time until Thursday, March 31, to apply for the central government’s GST Compensation Scheme. Under the scheme, suppliers of both goods and services with aggregate annual turnover of upto Rs 1.5 crore can opt in for the scheme, to pay taxes for the upcoming FY 2023. Small businesses such as manufac…