GOODS AND SERVICES TAX
Small Traders, Manufacturers and Restaurants
Please file your option for Composition
in form GST CMP-01 or part -B of FROM GST REG-01.
as applicable, on the GSTN Common Portal at the earliest.
For more details on Composition Scheme, Please see www.cbec.gov.in
Manufacturer / Service Provider / Trader whose annual turnover is below Rs. 20 Lakh’ need not pay any GST and need not register.
Those with annual turnover upto Rs. 75 Lakh’ can opt for Composition Scheme in which case the tax rates will be as follows:-
* This limit is Rs 10 Lakh for Assam, Arunachal Pradesh, Manipur. Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Unarakhand and Himachal Pradesh.
# This limit is Rs. 50 Lakh for Assam. Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim and Himachal Pradesh.