Composition scheme under GST
Composition scheme under GST Limit under GST Composition Scheme - 1.5 crores per annum Manufacturers – 1% Restaurants – 5% Traders – 1% Who is not eligible? (a) Dealing with goods not leviable to tax. (b) Making any interstate outward supplies of goods. (c) Supply of goods through an electronic commerce operator. (d) Supply of Ice cream and other edible ice. (b) Pan masala (c) Tobacco and manufactured tobacco substitutes (e) One PAN cannot have regular and composition registration. Conditions (a) Neither a casual taxable person nor a non-resident taxable person. (b) Nil stock of goods of interstate purchase on appointed day . (c) Nil stock of goods of unregistered purchase on appointed day (d) RCM applicable. (e) Shall mention the words “composition taxable person, not eligible to collect tax on supplies” in bill of supply (g) Shall mention the words “composition taxable person” on every notice or signboard displayed. Returns a) CMP-08 qua