TaxTMI 
TaxTMI 
DEAR SIR
PLEASE GIVE ME DETAILS FOR - IF A DEALER ENGAGED BUSINESS IN LOCAL STATE ONLY BY MFG 50% AND SERVICES 50% , BOTH OF HIS TURNOVER BELOW 75 LACKS WHETHER HE IS ELIGIBLE FOR OPTION TO COMPOSITION TAX SCHEME UNDER GST.
T M ARJ
CHENNAI
GST COMPOMSITION SCHEME
25 Jun 2017 
2 Replies 
1177 Views Asked by
Composition levy limited to small taxpayers; only restaurants among services may opt, paying tax on turnover without input credit.
Small taxpayers with aggregate turnover up to the specified threshold may opt for the composition levy, paying tax as a prescribed percentage of turnover without input tax credit and without collecting tax from customers; there is no provision for a 50:50 manufacturing/services exception, and among services only restaurant services are eligible to opt for composition. (AI Summary)
Small taxpayers with aggregate turnover up to the specified threshold may opt for the composition levy, paying tax as a prescribed percentage of turnover without input tax credit and without collecting tax from customers; there is no provision for a 50:50 manufacturing/services exception, and among services only restaurant services are eligible to opt for composition. (AI Summary)