GST : Eligibility & NON Eligibility for Opting in Composition Scheme

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Published on 24 Mar 2020 / In GST

GST :Eligibility & NON Eligibility for Opting in Composition Scheme

Who are eligible taxpayers for opting-in for Composition Scheme:-

Following taxpayers may opt for this scheme:

• The normal taxpayers having aggregate turnover (at PAN level) below Rs. 1.5 Crore in the previous financial year, who doesn’t want to avail ITC facility.

• The normal taxpayers having aggregate turnover (at PAN level) below Rs. 75 lakh in the previous financial year who are situated in following states:

i. Arunachal Pradesh,
ii. Manipur,
iii. Meghalaya,
iv. Mizoram,
v. Nagaland,
vi. Sikkim,
vii. Tripura and
viii. Uttarakhand

• The normal taxpayers supplying services and/or mixed supplies having aggregate turnover of last financial year below Rs. 50 lakhs.

Taxpayers, who are not eligible for opting in composition scheme:

i. Suppliers of the goods/services who are not liable to be taxed under GST,
ii. Inter-State outward suppliers of goods/services,
iii. The taxpayers supplying through e-commerce operators, who are required to collect tax under section 52,
iv.The manufacturers of notified goods like (i) Ice cream and other edible ice, whether or not containing cocoa, (ii) All goods, i.e. Tobacco and manufactured tobacco substitutes and (iii) Pan Masala, (iv) Aerated water

v. A Casual taxpayer,
vi. A Non-Resident Foreign Taxpayer,
vii. A person registered as Input Service Distributor (ISD),
viii.A person registered as TDS Deductor /Tax Collector.

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