Eligibility: Taxpayers with an aggregate turnover of up to ₹1.5 Crore in the preceding financial year (₹75 lakh for special category states) can opt for this scheme.
Service Provider Limit: A, 2018 amendment allows service providers with a turnover up to ₹50 lakh to also opt for the composition scheme.
Conditions:
No inter-state outward supplies of goods or services.
No input tax credit can be claimed.
Cannot supply goods not taxable under GST (e.g., alcohol).
Must pay tax at a fixed percentage of turnover (1% to 6% depending on the type of business
Restriction: Taxpayers cannot supply goods through e-commerce operators who collect tax at source type of business.
4. GST RETURN FILING
GST 1 & GST 3B
GST DEBIT/CREDIT NOTE
GST REFUND CLAIM
GST ON FORWARD CHARGE MECHANISM
GST ON REVERSE CHARGE MECHANISM
GST FILING WITH PROPER HSN CODE
CHECKING INPUT TAX CREDIT(ITC) IN GST
B2B SALES IN GST
B2C( UNREGISTERED) SALES IN GST
INVOICE DETAILS UPDATE IN GST
TOTAL NUMBER OF INVOICE GENERATED IN GST INCLUDING CANCELLED INVOICE
