As per this Notification,
If last year turnover upto 75 lacs, then Composition Scheme available
However in following states, Turnover is 50 lacs instead of 75lacs
- Arunachal Pradesh,
- Assam,
- Manipur,
- Meghalaya,
- Mizoram,
- Nagaland,
- Sikkim,
- Tripura,
- Himachal Pradesh
Rates of Composition Scheme
Name of Business | Rate of CGST | Rate of SGST | Total Rate |
Dealer | 0.50% | 0.50% | 1.00% |
Manufacturer | 1% | 1.00% | 2.00% |
Restaurant | 2.50% | 2.50% | 5.00% |
Following business cannot opt for composition scheme even if turnover is less than 50 lacs
Name of Business |
Tariff Heading No |
Ice cream and other edible ice, whether or not containing cocoa. |
21050000 |
Pan Masala |
21069020 |
Tobacco Products |
All goods under Chapter 24 |