Composition

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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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