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  1. taxguru.in › goods-and-service-tax › section-10-cgstSection 10 of CGST Act (Composition Scheme) - Tax Guru

    Jun 4, 2020 · For the easiness of small entrepreneurs, section 10 is introduced in the CGST ACT 2017. In this section the assessee can get the registration as composition taxpayer in GST rather than normal taxpayer and pay lump sum of tax amount as per the prescribed rates. SECTION 10. (1) Notwithstanding anything to the contrary contained in this Act but ...

  2. cleartax.in › s › composition-scheme-under-gstComposition Scheme Under GST Explained - ClearTax

    May 28, 2024 · The article provides updates on the Goods and Services Tax Law composition scheme, eligibility criteria, benefits, and disadvantages. It also explains how to calculate aggregate turnover, applicable tax rates, effective date, record-keeping, and other relevant details about the composition scheme.

  3. cleartax.in › s › gst-composition-schemeGST Composition Scheme: Rules, Turnover Limit, Rate, Benefits

    Nov 4, 2024 · Know about the GST composition scheme rate, rules, limit, benefits and how to check your eligibility. Read GST Composition Scheme in detail with its merits, demerits & transition provisions.

  4. cbic-gst.gov.in › pdf › faq-manualFrequently Asked Questions on Composition Levy

    What is composition levy under GST? Ans. The composition levy 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 objective of composition scheme is to bring simplicity and to reduce the compliance cost for the small taxpayers.

  5. taxguru.in › goods-and-service-tax › compositionComposition Scheme-GST Rate & Threshold Limit under GST Law

    Aug 29, 2020 · A ‘Composition Scheme’ is an alternative method of levying tax designed for small taxpayers. If your business is small, but not quite small enough to be GST-exempt, you may be able to use your company’s aggregate turnover to qualify for the composition levy scheme.

  6. taxguru.in › goods-and-service-tax › gst-compositionComposition Levy under GST- Detailed Analysis - Tax Guru

    May 10, 2020 · Section 10 of the CGST Act, 2017 provides for composition levy to such person. The composition scheme under GST is currently applicable to businesses with aggregate turnover of Rs. 1.5 crores or less (lower limit is applicable in case of special category states). Composition Scheme is a simple and easy scheme .