GST

GST Composition Scheme — Eligibility, Tax Rates & Filing Guide

📅 Updated Regularly✍️ Agarwal Mayank & Company, CA

📋 Table of Contents

  1. What is the Composition Scheme?
  2. Who is Eligible?
  3. Tax Rates Under Composition
  4. Filing — CMP-08 and GSTR-4
  5. Restrictions and Disadvantages
  6. Composition vs Regular — Which is Better?
  7. How to Opt for Composition
  8. Exiting the Composition Scheme

The GST Composition Scheme under Section 10 of the CGST Act is a simplified taxation option for small businesses. Instead of maintaining detailed invoice-level records and filing monthly returns, composition dealers pay a flat tax rate on turnover and file quarterly returns. If your business turnover is below ₹1.5 crore (₹75 lakh for specified special category states), composition can significantly reduce your compliance burden.

💡 Not sure if composition scheme is right for your business? Our CA team analyses your turnover, customer base, and input structure to recommend the optimal GST treatment. Get a free consultation

1. What is the Composition Scheme?

Key features of the composition scheme:

2. Who is Eligible?

Business TypeTurnover Limit
Manufacturers and traders (goods)Up to ₹1.5 crore/year (₹75 lakh for special category states)
Restaurants not serving alcoholUp to ₹1.5 crore/year
Service providers (CGST Rule 7)Up to ₹50 lakh/year

Cannot opt: Inter-state suppliers, e-commerce sellers, manufacturers of notified goods (tobacco, pan masala, ice cream), service providers above ₹50 lakh.

3. Tax Rates Under Composition

CategoryCGSTSGSTTotal GST
Manufacturers and traders0.5%0.5%1% of turnover
Restaurants (no alcohol)2.5%2.5%5% of turnover
Service providers (Rule 7)3%3%6% of turnover

4. Filing Requirements — CMP-08 and GSTR-4

ReturnFrequencyDue Date
CMP-08Quarterly (self-assessed tax statement)18th of month after quarter end
GSTR-4Annual return30th April of next financial year

5. Restrictions and Disadvantages

6. Composition vs Regular GST — Which is Better?

Choose Composition if: Your customers are mostly end consumers (B2C), you have low input costs, all sales are intra-state, and you want minimal compliance.

Choose Regular if: Your customers are GST-registered businesses who need ITC, you have significant input purchases, or you want to make inter-state supplies.

7. How to Opt for Composition Scheme

  1. Log in to gst.gov.in → Services → Registration → Application to Opt for Composition Levy
  2. File Form CMP-02 before the start of the financial year (by 31st March)
  3. New registrants can opt at the time of fresh registration

8. Exiting the Composition Scheme

File Form CMP-04 to exit if your turnover exceeds the threshold, you wish to make inter-state supplies, or you start supplying through e-commerce. On exit, file pending returns, reverse any ITC, and migrate to regular GST.

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Disclaimer: This article is for general informational and educational purposes only. It represents our professional views as Chartered Accountants. This content should not be construed as legal or tax advice. Tax laws are subject to change with each Union Budget. For advice specific to your situation, please consult our experts directly.

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