Which scheme is better for Goldsmith (Jewellery job worker, not seller) - Regular or Composition ?

For a jewellery job worker, the Regular Scheme is generally preferred because it allows you to claim Input Tax Credit (ITC) on your business expenses and enables you to issue tax invoices, which is essential if you work with registered jewellery merchants. The Composition Scheme, while simpler, prohibits you from claiming or passing on ITC, which may be disadvantageous if your business involves significant input costs or B2B transactions.