Who can opt for composition Scheme under GST
Composition Scheme under GST https://www.amazon.in/gp/goldbox?&linkCode=ll2&tag=10e3928-21&linkId=4b2917bf40081515c5289ba80b4fe0f0&language=en_IN&ref_=as_li_ss_tl u Businesses with annual turnover up to Rs 1.5 crore can opt for composition scheme. Turnover of all businesses with the same PAN has to be added up to calculate turnover for the purpose of the composition scheme. u Only Manufacturers of goods, Dealers, and Restaurants (not serving alcohol) can opt for the composition scheme under Section 10. However, service providers can opt into a similar scheme for composition dealers notified by the CGST (Rate) notification no. 2/2019 Type of Business CGST SGST Total Manufacturers and Traders (Goods) 0.5% 0.5% 1% Restaurants not serving Alcohol 2.5% 2.5% 5% Service Providers 3% 3% 6% Further,