GST Composition Scheme: Who Can Opt In, What It Costs and What You Give Up
The composition scheme lets a small registered business pay GST as a flat percentage of its turnover, file one short statement a quarter and one return a year, and skip invoice-level reporting. Goods businesses qualify with previous-year turnover up to ₹1.5 crore (₹75 lakh in eight States). Service providers have a separate option up to
