Composition scheme

Depending upon the transaction ratio you can opt for 1% or 6% composition scheme.

The composition levy rates under GST are as follows:

•         1% of the turnover for traders and other suppliers eligible for composition scheme registration. provided service component is below 10% of total turnover, capped at 5 lakhs.
•         2% of the turnover for manufacturers apart from manufacturers of products not eligible for GST composition scheme
•         5% of the turnover for restaurant services  
•         6% of the turnover for businesses providing services/mixed services (other than restaurant services), if gross annual turnover is below 50 lakhs.

Originally posted by : Dhirajlal Rambhia
	Depending upon the transaction ratio you can opt for 1% or 6% composition scheme. The composition levy rates under GST are as follows:         1% of the turnover for traders and other suppliers eligible for composition scheme registration. provided service component is below 10% of total turnover, capped at 5 lakhs.         2% of the turnover for manufacturers apart from manufacturers of products not eligible for GST composition scheme

Dear Sir ... trading and manufacturing falls under same 1% slab for composition scheme .

Thanks dear for the clarification..... that 2% part is not for composition dealers.......

For Composition dealers....I meant 6% rate for services or mixed supply of all these kind....

& 1% for traders/manufactures...