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Bills to simplify GST returns forms, hike composition limit to Rs 1.5 cr aimed at MSME sector in Lok Sabha
•The threshold for composition scheme is being raised from Rs 1 crore to Rs 1.5 crore and reverse charge mechanism has already been deferred to September 2019, Goyal said.
GST: Ice cream, pan masala, tobacco makers can't opt for composition scheme
•Under the composition scheme where the turnover does not exceed Rs 75 lakh, manufacturers will have to pay 1 percent of turnover as GST, traders 2.5 percent and 0.5 percent of turnover in state in case of other suppliers.