M/s Goel Electronics, a registered dealer, is supplying all types of electronic appliances in the State of Karnataka. Its aggregate turnover in the…

The registered person, whose aggregate turnover in the preceding financial year does not exceed - 1.5 crore, may opt to pay tax under composition levy, under section 10 (1) and 10 (2) of the CGST Act, 2017. The scheme can be availed by an intra-State supplier of goods and supplier of restaurant service. However, the composition scheme permits supply of marginal services (other than restaurant services) for a specified value along with the supply of goods and restaurant service, as the case may be. Thus, M/s Goel Electronics can opt for composition scheme for the current financial year as its aggregate turnover is less than - 1.5 crore in the preceding financial year and it is not engaged in inter-State outward supplies.