WHO CAN OPT FOR COMPOSITION SCHEME

(1) The Supplier of goods being manufacturers, retailers having an annual turnover of up to Rs 1.5 crore, except:
    - Manufacturer of ice cream, pan masala, or tobacco
    - A person making inter-state supplies
    - Businesses which supply goods through an e-commerce operator.
(2) The Supplier of services having the aggregate annual turnover up to Rs 50 lakhs.

CONDITONS OF COMPOSITION SCHEME

• No Input Tax Credit can be claimed by a dealer opting for composition scheme
• The dealer cannot supply GST exempted goods
• The taxpayer has to mention the words ‘composition taxable person’ on every notice or signboard displayed prominently at their place of business.
• The taxpayer has to mention the words ‘composition taxable person’ on every bill of supply issued by him.
• The dealer cannot charge GST to the customer and has to pay the tax out of his own pockets.

GST RATES FOR COMPOSITION DEALER

LIST OF RETURNS TO BE FILED BY COMPOSITION DEALER