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composite dealer in GST | Tax Payment | Tax return filling | Certicom

What is a composite dealer in GST?


GST Act requires multiple compliances in relation to tax payment, tax return filing, invoicing etc. However, the dealers that work at a smaller level may have a limited turnover and may not have the required resources to comply with the complicated provisions. Thus, the composition scheme has been introduced to minimize the burden of tax compliance for small taxpayers. The dealer who opts for Composition Scheme u/s 10 of CGST Act is known as a Composite dealer.
The scheme is available to those whose aggregate turnover in a financial year does not exceed Rs.75,00,000. However, the scheme is available only to the supplier of goods and not a supplier of services (except restaurant service). It is also not available to persons who supply goods outside the state. This scheme is optional

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