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of <h1>GST Composition Scheme Ineligibility for Turnover Below Rs. 75 Lakhs: Stock Restrictions u/r 5, CGST Rules 2017.</h1> A person with a turnover below Rs. 75 lakhs or Rs. 50 lakhs as of June 30, 2017, cannot avail of the GST Composition Scheme if they hold stock purchased via C form, F form, or through interstate or import transactions. According to Rule 5 of the Central Goods and Services Tax Rules, 2017, eligibility for the scheme requires that goods in stock on July 1, 2017, must not have been acquired through interstate trade, imports, or from branches, agents, or principals located outside the state.
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