Recommendations made by the GST Council in the 22nd meeting at New Delhi on 6th October, 2017

Composition Scheme
1. The composition scheme shall be made available to taxpayers having annual aggregate turnover of up to Rs. 1 crore as compared to the current turnover threshold of Rs. 75 lacs. This threshold of turnover for special category States, except Jammu & Kashmir and Uttarakhand, shall be increased to Rs. 75 lacs from Rs. 50 lacs. The turnover threshold for Jammu & Kashmir and Uttarakhand shall be Rs. 1 crore.

COMPOSITION SCHEME UNDER GST

Composition scheme is an option to small taxable person to pay tax at very low rate on the basis of turnover.

• Small Taxable Persons having turnover upto ₹ 20 Lakhs are exempt from GST. For North Eastern States,Himachal Pradesh,Uttarakhand and Jammu & Kashmir Limit is ₹ 10 Lakhs.