Rate of GST under Composition Scheme wef 01.04.2020

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore

Rate of tax for the composition taxpayer is as under:

S.No. Category of the taxpayer under composition scheme  Rate of tax
1 Manufacturer other than manufacture engaged in supply of following :2105 00 00 :- Ice cream and other edible ice, whether or not containing cocoa
2106 90 20 :- Pan masala
24 :- All goods, i.e. Tobacco and manufactured tobacco substitutes
 1%
2 Restaurant Service  5%
3 Traders (Other Suppliers)  1%
4 Supplier of service or mixed supplier of goods and services  6% 

 

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