Composition levy

Eligibility for composition scheme: Turnover below Rs75 lakhs., Sales only on intrastate, and as specified by govt.

GST for trader @ 1%, Manufacturer @ 2%,Suppliers of food for human consumption @ 5%

Composite dealers cannot take ITC and cannot charge tax from customer.

They have to file a quarterly return..

If they purchase from URD, RCM is applicable on them.

URD : Unregistered dealer

RCM: reverse Charge mechenism

Tax rate will be same as prescribed for forward charge...