GST Composition Scheme: Rules, Turnover Limit, Rate, Benefits - ClearTax

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore in the financial year.   Key takeaways Composition scheme is a simple compliance introduced for small taxpayers. A taxpayer whose turnover is be…