Composition Scheme

Composition Scheme is provided under GST for small manufacturers, traders and restaurant service providers to minimize compliance burden on such dealers. Turnover upper limit is kept at Rs 100 lakh, i.e. dealers with turnover up to Rs 100 lakh per annum may opt for composition scheme.


Composition Scheme for Service Providers w.e.f. 1st April 2019 3

Initially, under GST laws, composition scheme was restricted only for traders, manufacturers and restaurant service providers. With the implementation of CGST Amendment Act, 2017 as applicable w.e.f. 01.02.2019, a relatively small portion of services is allowed to be supplied under such Composition Scheme. With the increase in demand for such […]


Clarification on the manner of filing the quarterly return by composition dealers in FORM GSTR-4

Press release 17th April, 2018 Subject: Clarification on the manner of filing the quarterly return by composition dealers in FORM GSTR-4 Doubts are being raised about the manner of filing the quarterly return by composition dealers in FORM GSTR-4. In particular, there is a doubt with respect to the instruction at Sl. No. […]


Input tax credits: Where a registered person opts Composition Scheme

In this article we will understand the impact on Input tax credits, where a normal registered person under GST opts to pay tax under Composition Scheme A person was registered under normal provisions under GST (i.e. claiming input tax credits on purchases, payment of tax on outward supplies after adjusting […]