Service providers with turnover of up to Rs 50 lakh may now opt for GST composition scheme till 31 July

New Delhi: The tax department has extended by three months till 31 July the deadline for service providers with a turnover of up to Rs 50 lakh to opt for the composition scheme and pay six percent goods and services tax (GST). The GST Council, chaired by Finance Minister and comprising state counterparts, has permitted such service providers to opt for composition scheme and pay taxes at a reduced…