Composition Scheme in GST - A to Z - 2019 Updated

In this video, CA Prakhar Jain explains all about the Composition Scheme in GST

1. Who can take composition scheme in GST?
2. What are the conditions of composition scheme
3. What is tax rate of composition scheme
4. What are compliances in the composition scheme
5. How to opt for composition scheme, and how to withdraw from it.

Feel free to ask any doubts/ questions you have in the comments!

[GSTiNATION]

Correction: Composition dealers can do Exempt supplies, but cannot do 'non-GST' supplies (like petrol, diesel etc)

[muhammedshamimansari]

@gstination
sir how will composition dealer make interstate and interastate sales return transaction?

[cartooncinema]

Bhai nice video
I have a query that
Agar koi dukandar purchase karta he to composition scheme ke baad bi usko cgst or sgst bharni padegi kya.ya sirf raw cost par purchase ho jayegi

[Kartik-lxsn]

sir, with composition scheme or without compostition scheme whichever is benefical for the dealer??

[radhikaagrawal]

sir what is the meaning of these lines
but such date may not be prior to the commencement of finanacial year in which such intimation is being filed???

[sumansarkar]

Sir please share the upto date that is February, 2020 composition scheme.

[shagrkumar]

Composition scheme me hm adr state se Mal lekr kevl apne state me mal sel kr skte hae composition scheme mein aaega

[aditiraj]

What is the difference between GSTR 4 & GSTR 9A?

[devarajp.m.c]

Sir, My Client is running Workshop (Purchasing Steel and making Agricultural Implements)If he choose GST what is the rate of GST and If he choose Composition What is the rate of Composition GST Rate, Please Advice Sir,

[ZubairkhanMohammed]

Why a ice cream manufacturer can't opted for composition scheme????

[स्वदेशीयभारत]

Sir composition scheme gst dealer if business our state only purchase product online b2b site like
Amazon b2b site
udaan b2b site.
Munaffa b2b site
Alibaba b2b site
Etc.
What can this Possible

Plz help sir

[Sarfrozkhan]

i have simple question sir, agar koi mujhse 18% gst le raha hai fixed asset k upar aur mai composition gst me hun to kiya wo tb b mujhse 18% gst lega ya composition gst ka rate jo mai dunga wo lega mujhse b(in my case 6%)

[easylearnedutechsolutions]

Sir If I buy one product for Rs 100 from composite gst registered supplier.I am going to sell that produt for Rs 200 as a regular GST registered person.How much gst amount i need to charge from my customer as per 18% tax ?

[sheengraphics]

Sir i have made a work entry in comp 08. Instead of i have entered One zero extra. Can i rectify that.

[Sanskari.Beti]

In composite scheme we have to file gstr3b monthly

[ColorsandDesigns]

Sir I have composite GST scheme can I pur chase from other states ??

[mriraqi]

Sir, Interstate Purchase is possible in Composite scheme or its banned as Interstate supply ?

[mow]

Hi, i have a question.
I have just started e-commerce selling but have not any transaction that means it's nil return but one thing is there,
I have registered for Gst in the month of April 2019 but i haven't file any return till the day, do I have to pay penalty for late return?
Do I need to file return monthly or quarterly?

[cavaibhavbansal]

Hi, i am unable to opt for composition scheme as date is extended to 30 sept but it is showing that as we had filed gstr 3b&1 for 19-20. How date extension is justified with this condition.

[yogeshkarnany]

In other services there is 1% tax rate under composition scheme as per amended CGST act, 2018 w.e.f 01-02-2019. Pls clarify ?