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of <h1>Section 10 CGST Act: Composition Levy for Small Businesses with Turnover Limits and Restrictions Explained</h1> Section 10 of the Central Goods and Services Tax Act, 2017, outlines the composition levy for registered persons with an aggregate turnover not exceeding fifty lakh rupees in the preceding financial year. These individuals may opt to pay a tax at a prescribed rate instead of the standard tax, with specific rates for manufacturers, certain suppliers, and other suppliers. The government may increase the turnover limit to one crore and fifty lakh rupees. Eligible persons must not engage in certain activities, such as inter-State supplies or services through e-commerce operators. If ineligible persons opt for this scheme, they may face penalties.
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