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Rate of Composition Scheme Reduced

Rate of Tax of Composition Levy

Sl. NO
Particulars
Rate of tax (CGST)
1
Turnover in state in case of Manufacturers
0.50 % (Earlier 1 %)
2
Turnover in state in case Restaurant Services Suppliers
2.50 %
3
Turnover of Taxable Supplies of goods (Earlier Turnover)
0.50 %

Eligibility: Supplier Dealing only in Goods & Restaurant Services

Threshold Limit: ₹ 1 Crore (₹ 0.75 Crore in specified states)

Maintain Details Records: No

Avails ITC: No

Issue tax Invoice: No

Tax Collection from Customer: No

Inter State Supplier opt this scheme: No, only Intra State supplies can be suppled under this scheme


Relevant Notifications:

Notification No. 8/2017-Central Tax

Notification No. 46/2017- Central Tax

Notification No. 1/2018- Central Tax

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