22 November 2017
A taxpayer whose turnover is below Rs 1,5 crore* can opt in for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh.
The following people cannot opt for the scheme:
Supplier of services other than restaurant related services Manufacturer of ice cream, pan masala, or tobacco Casual taxable person or a non-resident taxable person Businesses which supply goods through an e-commerce operator
w.e.f. from 23rd GST Meeting:
Taxpayers registered under the GST Composition Scheme can now supply services with a taxable value of upto Rs.5 lakhs per annum
Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme.
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