Composition Scheme Under The GST Regime

The registration under composition scheme is optional and voluntary. Businesses having a turnover LESS THAN Rs. 1.0 Crore* can opt for this scheme but on any given day, if the turnover crosses the above-mentioned limit, then he becomes ineligible for the same and has to take registration under the regular scheme. The threshold limit for opting into the composition scheme is recommended for an increase to Rs. 1.5 crores but yet to be notified. For more information visit - https://shahdoshi.com/composition-scheme-gst/