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GST Composition Scheme: Rules, Turnover Limit, Rate, Benefits
ClearTax Free Beginner India
India's most widely used tax platform, kept current, and the cleanest single reference for exact rates and turnover limits without wading through legalese.
- Manufacturers and traders pay 1 percent, restaurants without alcohol pay 5 percent, other service providers pay 6 percent
- Turnover caps: 1.5 crore for goods, 75 lakh for hill and North Eastern states, 50 lakh for services
- No ITC, no interstate supply, and quarterly CMP-08 plus an annual return