The following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati today.

GST Composition Scheme

Author Details Further, if in case a taxable person has different business segments (like Textile, Grocery etc) having same PAN as held by the taxable person, he must register all such businesses under the scheme. Hence, all the business under one PAN should opt for Composition scheme.

i) Any service provider except restaurant service ii) Person dealing in goods which are not covered under this act like Liquor iii) Person having interstate supply iv) Person supplying through e-Commerce operator v) Person manufacturing goods as notified by government

Also, please note that any person registered under composition scheme will not be eligible to claim any input tax credit. Also, instead of monthly returns, there are quarterly returns in composition scheme which makes this scheme easier form the point of view of compliance. We will discuss on the returns requirement under GST in our next discussion. Also, he shall mention the words “Composition Taxable person” on every notice or signboard displayed at place of business. MJL & Co, Jaipur (Chartered Accountants) Email – MJLco.jaipur@gmail.com (ph – 0141-4915113) Recommended Articles

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