Composition

Others 295 views 6 replies

we have small scale industry annual turnover below 50 lacs and our commi
that is coming under comm

Replies (6)

Yes,any dealer of goods whose turnover is below 50 lacs in a financial year can opt for composition scheme

composition limit now 75 lacs
right aditya ji
our commodity coming under 5% in Gst then I need to give invoice SGST5% or 1%

when u opt for composition scheme you have to pay 1% on turnover and not to show the same in invoice 

To understand Composition scheme see this video.

https://youtu.be/R_zW-zh5oYI


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