GST Composition Scheme 2022 FAQ PDF

Check FAQ's on Composition Scheme under GST at cbic-gst.gov.in, scheme for payment of GST available to small taxpayers whose aggregate turnover in the preceding financial year did not cross Rs. 75 lakhs
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Download PDF of GST Composition Scheme 2022 FAQ from Sarkari Yojana using the direct download link given at the bottom of this article.
PDF NameGST Composition Scheme 2022 FAQ PDF
Last UpdatedOctober 14, 2022
No. of Pages8
PDF Size0.50 MB
LanguageEnglish
CategoryPDF
Topic / Tag
Source(s) / CreditsSarkari Yojana
GST Composition Scheme 2022 FAQ PDF

GST Composition Scheme 2022 is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs (Rs. 50 lakhs in case of few states). The primary objective of composition scheme under GST is to bring simplicity and to reduce the compliance cost for the small taxpayers. Moreover, it is optional and the eligible person opting to pay tax under this scheme can pay tax at a prescribed percentage of his turnover every quarter, instead of paying tax at normal rate.

Composition Scheme under GST

Composition scheme is a scheme for payment of GST available to small taxpayers whose aggregate turnover in the preceding financial year did not cross Rs. 75 lakhs. Official website for Composition Scheme under GST is cbic-gst.gov.in

Category of Registered PersonRate of Tax
Manufacturers, other than manufacturers of such goods as may be notified by the Government (Ice cream, Pan Masala, Tobbacco prodcuts etc.)2% (1% Central tax plus 1% State tax) of the turnover
Restaurant Services5% (2.5% Central tax plus 2.5% SGST) of the turnover
Traders or any other supplier eligible for composition levy1% ( 0.5% Central tax plus 0.5% State tax) of the turnover

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