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Issue ID: 112305
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Composition Scheme in GST

Date 08 Jul 2017
Replies 6 Replies
Views 1466 Views
Composition scheme in GST: simplified flat-rate levy for eligible small suppliers with turnover-based conversion to regular registration.
Composition Scheme in GST allows eligible small taxpayers to pay a prescribed flat-rate levy from the first supply, subject to a turnover ceiling; exceeding that ceiling requires conversion to normal registration with full monthly returns and accounting. Persons opting for the scheme are not eligible for the separate threshold exemption. Different combined central and state flat levies apply by category (manufacturers with exclusions, restaurant services, and other suppliers), and the levy is not recoverable from customers; procedural FAQs are published on official GST portals. (AI Summary)

What about minimum turn over requirement in GST for Composition Scheme ??

How to Practical apply for it , please guide step by step for gst.gov.in

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