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Asked by Sanjiv on :Aug. 22, 2017

Are all manufacturers eligible for composition sc…

Are all manufacturers eligible for composition scheme ?

Are all manufacturers eligible for composition scheme ?

1

Chiranjibi Aug. 11, 2018

Businesses with annual turnover up to Rs 1.0 crore* can opt for composition scheme.

Turnover of all businesses with same PAN has to be added up to calculate turnover for the purpose of composition scheme.

Only Manufacturers of goods, Dealers, and Restaurants (not serving alcohol) can opt for composition scheme.

*Please note the amount of Rs. 1 crore has been recommended to be increased to Rs. 1.50 crores but not notified yet.

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