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of <h1>Choose Composition Levy Under GST for Turnover Below 50 Lakh: Know Rates, Eligibility, and Penalties</h1> Under the Rajasthan Goods and Services Tax Act, 2017, a registered person with an aggregate turnover not exceeding fifty lakh rupees in the previous financial year may opt for a composition levy, paying a prescribed rate instead of the standard tax. Rates are up to 1% for manufacturers, 2.5% for certain suppliers, and 0.5% for other suppliers. Eligibility requires not engaging in service supply (except specified), non-taxable goods, inter-State supplies, or e-commerce supplies. The option lapses if turnover exceeds the limit, and no tax collection or input tax credit is allowed. Ineligible persons opting for this scheme face penalties.
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