Composition Levy: Conditions & Restrictions for Eligibility Criteria

The Goods and Services Tax (GST) has introduced a new framework for business compliance in India. While large organizations possess the necessary resources and expertise to meet these requirements, small traders, start-ups, and Small and Medium Enterprises (SMEs) often face difficulties in adhering to these provisions. To address these challenges, the government implemented the Composition Scheme under GST, which extends the concept previously available under the VAT regime.