Small businesses and taxpayers with an annual turnover of up to Rs. 1.5 crore can opt for the Composition Scheme under GST.
However, there are certain exceptions and exclusions, such as:
- Service providers
- Manufacturers of certain notified goods (e.g. ice cream, pan masala, tobacco products)
- Inter-state suppliers of goods or services
- Casual taxable persons or non-resident taxable persons
- Businesses involved in e-commerce (except those engaged in only supply of services)
- Businesses involved in making supplies through an electronic platform
- Businesses that supply goods or services not leviable to GST
- Businesses that supply exempted goods or services
