Composition scheme in GST

By: Yashvi Parikh - 19th March, 2021


To simplify the GST compliance for small businesses, CGST Act provides for "Composition Levy". Composition scheme is a simple and easy scheme under GST for small business owners. Small taxpayers can take advantage of this scheme. In this scheme, dealers are liable to pay GST at a fixed prescribed rate of turnover/sales.

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