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

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:-

GST Rate of Composition

  • In service sector, Composition Scheme is available only for one sector-restaurants.
  • The Composition Scheme is not available for manufacturers of tobacco and manufactured tobacco, pan masala & icecream and other edible ice, whether or not containing cocoa.
  • The dealers who opt for Composition Scheme have to file only one quarterly return with details of total turnover. Invoice with details are not necessary, bill of supply will suffice.
  • Small taxpayers are not required to give HSN code in their returns.
  • However, in this option, no Input Tax Credit can be taken or passed on.
  • With online registration, return, payment, refund & other processes, delays and discretions would be reduced.
  • Reduced compliance burden.
  • Special dispensation for job-work to help job workers in the GST regime.

* 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.

GST rate Schedule for Goods in 2017

More Under Goods and Services Tax

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