Can a Seller of Goods opt for Composition Scheme? : Quicko

Can a Seller of Goods opt for Composition Scheme? Print

Created by: Quicko Support

Modified on: Wed, 30 Mar, 2022 at 12:22 PM

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

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