Computation of GST under Composite schem

Composition Scheme dealers are required to pay tax on their quarterly turnover in State or Union Territory.

Manufacturers Rate = 1% on their Quarterly Turnover ( including exempt supply )

Traders Rate = 1% on their Quarterly Taxable Turnover.

Restaurant Service Providers Rate = 5% on their Quarterly Turnover in State or Union Territory.

Service Providers Rate = 6% on their Quarterly Turnover.

The definition of "turnover in State" or "turnover in Union Territory" as defined U/s 2(112) of the CGST Act 2017 means the aggregate value of all taxable supplies ( excluding the value of inward supplies on which tax is payable by a person on reverse charge basis ) and exempt supplies made within a State or Union Territory by a taxable person, exports of goods or services or both and inter-State supplies of goods or services or both made from the State or Union Territory by the said taxable person but excludes CGST, SGST, UTGST, IGST and Cess.