See your flat-rate GST liability as a trader, manufacturer, restaurant, or service provider under the composition scheme.
Estimates only — not professional tax advice. Actual liability may vary based on your specific circumstances. Talk to a CA before filing.
Traders and manufacturers with turnover up to ₹1.5 Cr, restaurants not serving alcohol (same limit), and service providers with turnover up to ₹50L can opt in. E-commerce sellers selling through marketplaces like Amazon, Flipkart, or Meesho are NOT eligible for composition.
No. Composition dealers pay a flat rate on turnover and cannot claim ITC on their purchases, and cannot charge GST separately on invoices to customers.
Quarterly statement (CMP-08) for tax payment, and an annual return (GSTR-4) — much simpler than the monthly GSTR-1/GSTR-3B cycle for regular taxpayers.
You must switch to the regular GST scheme from the start of the next financial year (or immediately, if the breach happens mid-year per current rules) and start charging GST normally with ITC eligibility.