• Manufacturer/Service Providers/Trader whose annual turnover is below Rs. 20 Lakh^* need not pay any GST and need not register.
• Those with annual turnover upto Rs. 75 Lakh^# can opt for composition scheme in which case the tax rates will be as follows:

GST Rate of Composition
Traders – 1%	Manufacturers – 2%	Restaurants – 5%

• In service sector, Composition Scheme for manufacturers of tobacco and manufactured tobacco substitutes, pan-masala & ice-cream and other edible ice, whether or not containing cocoa.
• The dealers who opt for composition scheme have to file only one quarterly return with details of total turnover. Invoice with details are not necessary, bill of supply will suffice.
• Small taxpayers are not required to give HSN code in their returns.
• With online registration, return, payment, refund & other processes, delays and discretions would be reduced.
• Reduced compliance burden.
• Special dispensation for job-work to help job workers in the GST regime.

 

*This limit is Rs. 10 Lakh for Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Uttarakhand and Himachal Pradesh.
#This limit is Rs. 50 Lakh for Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, and Himachal Pradesh.