GST Composition Scheme for Suppliers of Goods — Eligible. Opted. Simplified.
Eligibility review, opting-in, quarterly payment and annual return compliance under the composition scheme for traders and manufacturers in Nashik and across Maharashtra.
Book Free ConsultationThe composition scheme trades input tax credit for simplicity. A supplier of goods within the scheme pays tax at a prescribed rate on turnover, files a quarterly statement rather than monthly returns, and issues a bill of supply instead of a tax invoice.
At N D Savla & Associates, we assess whether the scheme actually suits a business before recommending it, and then handle the opting-in, the quarterly payments and the annual return for traders and manufacturers across Nashik and Maharashtra.
It is not the right answer for everyone. Where a business sells largely to registered buyers who want credit, or where input tax is a significant part of cost, the arithmetic can go the other way — so we work that out on the business’s own numbers first.
Our Composition Scheme Services
Eligibility Assessment
Review of turnover, supply type and restrictions to confirm eligibility for the scheme.
Suitability Analysis
Comparison of the scheme against the regular scheme on the business’s own figures.
Opting Into the Scheme
Filing of the intimation to opt into the scheme within the prescribed timeline.
Quarterly Payment Statement
Preparation and filing of the quarterly statement with the payment of tax.
Annual Return Filing
Preparation and filing of the annual return applicable to composition taxpayers.
Bill of Supply Setup
Guidance on documentation, bill of supply format and the required declarations.
Reverse Charge Handling
Identification and discharge of liability payable under reverse charge.
Exit & Transition Support
Withdrawal from the scheme and transition of credit on moving to the regular scheme.
Our Composition Scheme Process
Eligibility & Numbers Review
We check the restrictions and compare the tax outcome under both schemes.
Intimation Filing
Where the scheme is suitable, the intimation to opt in is filed within the timeline.
Documentation Changes
Invoicing is switched to bill of supply with the prescribed declarations.
Quarterly Compliance
Turnover is compiled each quarter and the statement is filed with payment.
Annual Return & Review
The annual return is filed and eligibility is reviewed for the year ahead.
Why It Matters
Frequently Asked Questions
Wondering if the composition scheme fits?
Share your turnover and buyer profile — we’ll compare both schemes before you commit to either.
