Small undertakings that are not eligible for (or which choose not to register under) the composition scheme have the option of registering for the flat rate scheme provided their aggregate turnover in the preceding financial year does not exceed INR 5 million and the conditions set out below are met.
Under the scheme, a flat rate of 3% CGST is levied on supplies of goods and services up to the aggregate turnover limit of INR 5 million.
Where more than one registered person has the same PAN (permanent account number), issued under the Income Tax Act 1961 (No 43 of 1961), the GST on supplies
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Web page updated on 17 Mar 2025 16:23