composition scheme

If with Respect to GST then ;

Businesses dealing only in goods can only opt for composition scheme. Services providers have been kept outside the scope of this scheme. However, restruant sector are also opt for the scheme.

The annual turnover should be below Rs 50 Lakhs.

Composition scheme is applicable in all sectors . if your  agregate  turnover doesnot exceeds 50 lac you can register yourself as composition dealer. However you should not  a)be engaged in supply of services b) make any interstate supply c) make any supply of goods through e-commerce operators  who is required to collect tcs d) no input credit should be taken

tax rate prescribed are:

for manufacturer2% of turnover in state

for restaurants and cateres ( specified service providers) 5%

for others 1%