GST Composition Scheme
The GST Composition Scheme is a simplified tax option designed specifically for small taxpayers. Instead of dealing with complex monthly filings and varying tax rates, you pay a fixed, low percentage of your total turnover as tax.
Who Can Apply?
Traders & Manufacturers: Annual turnover up to ₹1.5 Crore (₹75 Lakhs in North-Eastern and Hilly states).
Service Providers: Annual turnover up to ₹50 Lakhs.
Restaurants: (Not serving alcohol) with turnover up to ₹1.5 Crore.
The GST Composition Scheme is a simplified tax option designed specifically for small taxpayers. Instead of dealing with complex monthly filings and varying tax rates, you pay a fixed, low percentage of your total turnover as tax.
Who Can Apply?
Traders & Manufacturers: Annual turnover up to ₹1.5 Crore (₹75 Lakhs in North-Eastern and Hilly states).
Service Providers: Annual turnover up to ₹50 Lakhs.
Restaurants: (Not serving alcohol) with turnover up to ₹1.5 Crore.
Why It Matters
Lower Tax Rates
Instead of high GST slabs (12% or 18%), you pay a flat, low rate (1% for traders, 5% for restaurants, 6% for service providers) on your total turnover. This keeps your prices low and saves you more cash for daily business needs.
Simple Returns & Low Compliance
Forget monthly reports and detailed bookkeeping. You only file one simple statement every quarter (CMP-08) and one return per year (GSTR-4). Since you don’t need to track every invoice or reconcile purchases, you save time and cut down on accounting costs.
Documents Required
- PAN & Aadhaar
- Photograph
- Bank statement
- Email & Mobile number
What will you get after Registration
- GSTIN Certificate
Let Compliance Be Our Responsibility
Whether you’re starting a business or managing ongoing compliance, our experts are here to help.