Composition Scheme under GST

 Composition Scheme-Eligibility:

A registered person, whose aggregate turnover in the preceding financial year did not exceed Rupees 50 Lakhs (Fifty Lakh Rupees), may exercise the option to pay, in lieu of the tax payable by him, an amount calculated at the following rates:

Sl. No.	Category of Registered Persons	Rate of Tax (CGST+SGST)
1	Manufacturers, other than manufacturers of Ice Cream and other edible ice, Pan Masala and Tobacco and Tobacco substitutes.	2%
2	Supplier making supply, by way of or as part of any service or in any other manner, whatsoever, of goods being food or any other article for  human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or services is for cash, deferred payment or other valuable consideration.	5 %
3	Any other supplier	1 %

 The Government has by notification, increased the above said limit of Fifty Lakhs Rupees to One Crore Fifty Lakhs Rupees.