Seller of goods can opt for Composition Scheme u/s 10 of the GST Act if:
- Aggregate Turnover of the business during financial year does not exceed Rs.1.5 Crore (Rs.75 lacs for special category states)
- There are no Inter-State Sales i.e. sales outside state of registration
- Taxpayer is selling Taxable Goods only. Taxpayer selling non-taxable goods cannot opt for Composition Scheme
- Taxpayer is not into E-Commerce Sales i.e. selling goods through an e-commerce operator
- Taxpayer is not a manufacturer of tobacco, pan-masala or ice-cream
Read more - Eligibility to opt for Composition Scheme under GST