TaxTMI 
TaxTMI 
what is 1%, 2% & 5% at what stage supplier have to pay in composition Scheme & what entry has to made & where ?? Please explain all 3 above rates on composition Scheme. Thank You
Composition Scheme in GST Rates
09 Jul 2017 
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Composition scheme levy alters supplier obligations: no charging tax to customers, quarterly filing, and denial of input tax credit.
Composition scheme provides alternative tax liability for eligible suppliers with differentiated rates by business class; participants must not charge the levy to customers, must remark invoices "Working under Composition Scheme" and display signage, file quarterly returns, pay composition tax based on turnover after the quarter, benefit from relaxed recordkeeping, and are ineligible for input tax credit. (AI Summary)
Composition scheme provides alternative tax liability for eligible suppliers with differentiated rates by business class; participants must not charge the levy to customers, must remark invoices "Working under Composition Scheme" and display signage, file quarterly returns, pay composition tax based on turnover after the quarter, benefit from relaxed recordkeeping, and are ineligible for input tax credit. (AI Summary)