https://www.taxtmi.com/forum/issue?id=112305 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. en-us Sat, 08 Jul 2017 15:20:54 +0530 Thu, 23 Jan 2025 15:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112305 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. Discussion-Forum GST Sat, 08 Jul 2017 15:20:54 +0530 https://www.taxtmi.com/forum/issue?id=112305