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<h1>Threshold exemption under GST shields small taxpayers, with a composition option and ITC choice, subject to inter-state and reverse-charge exclusions.</h1> Small taxpayers may benefit from a threshold exemption based on aggregate turnover, which includes taxable and exempt supplies and exports on an all-India basis and excludes GST; special category and North-Eastern states have a lower threshold. Eligible taxpayers may opt to remain taxable with input tax credit. A simplified composition scheme allows those below the prescribed preceding-year turnover limit to pay tax at a concessional rate within a State. Inter-State suppliers and persons under reverse charge are excluded from threshold exemption.