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Composition scheme applicability

This query is : Resolved 
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(Querist)
21 November 2017 Sir/madam,
Is composition scheme of GST applicable to both retail trader (goods) and service provider?
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Amitav

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Amitav (Expert)
22 November 2017
A taxpayer whose turnover is below Rs 1,5 crore* can opt in for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh.

The following people cannot opt for the scheme:

Supplier of services other than restaurant related services
Manufacturer of ice cream, pan masala, or tobacco
Casual taxable person or a non-resident taxable person
Businesses which supply goods through an e-commerce operator

w.e.f. from 23rd GST Meeting:

Taxpayers registered under the GST Composition Scheme can now supply services with a taxable value of upto Rs.5 lakhs per annum

Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme.
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Jaswinder singh

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Jaswinder singh (Querist)
22 November 2017 okkk sir thank you

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Jaswinder singh

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Jaswinder singh (Querist)
22 November 2017 means retail trader (goods) opt for composition only if the turnover is less than 5 lakhs p.a?????
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RAJA P M

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RAJA P M (Expert)
22 November 2017 Yes I agreed to Mr Amitav.... Yes... The service value less than 5lakh applicable.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
23 November 2017 But the notification for the same is still not issued.
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