Composition scheme under gst

in old tax regime, dealer who were registered under composition scheme can not claim ITC.  They had to pay 1% flat tax of their sale.  

Under GST Regime, only business dealing in goods can opt composition scheme.  Restaurant may also opt composition scheme. 

Rate of Tax

for Manufactures (other than notified goods)  not more thatn 2%

for Restaurant not more than 5%

and for others not more than 1%

There is not ITC benefit available for composition shceme holder, also they can not issue Tax Invoice.

There is no separate challan.  Pay one challan by puting up CGST amount and SGST amount in their respective column.