Composition scheme
The GST composition scheme lets small taxpayers (turnover up to ₹1.5 crore for goods, ₹50 lakh for services) pay tax at a low flat rate on turnover instead of regular GST, but they cannot claim input tax credit or collect GST from customers.
Related terms
General information, not tax, legal or accounting advice. Thresholds and timelines change by notification — confirm applicability with your CA, CS, or lawyer.
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