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of <h1>Composition Scheme Tax Compliance and Transition Rules Under CGST Act, 2017 Explained.</h1> Under the Central Goods and Services Tax Act, 2017, a person availing the composition scheme under Section 10 must pay tax by the 18th of the following month and file quarterly returns. If the person exceeds the threshold limit of Rs. 75 lakhs (or Rs. 50 lakhs), they must transition to the regular tax scheme, paying taxes and submitting monthly returns by the 20th of the following month for the remainder of the financial year and subsequent years. This transition applies whether the person opts out of the scheme or is required to do so by law.
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