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Registration under composition

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dear sir
person want to do trading activities and services activities can he apply for composition registration
is there any notification for that pls advise
Replies (3)
Composition Scheme is a single and easy scheme under GST for small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover.The scheme can be opted by any Taxpayer whose turnover less than ₹ 1.50 Crore.
Yes but make sure that revenue from service activities shouldn't exceed 10% of turnover or 5 lakh whichever is higher
Taxpayers or people whose annual turnover up to INR 1.5 crore in a financial year can opt for composition scheme.
If person providing services along with service than income from service activities shouldn't exceed 10% of total turnover or 5 lakh whichever is higher.
Rate of GST is 1% on outward supply.
Composition Taxpayer can not charge GST in bill from customer and also not eligible to take Input tax credit on purchases.


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