Gst Composition Scheme

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.