With the above analysis, it can be concluded that the GST composition scheme has significant benefits for smaller businesses. A composition Scheme can be availed by logging into the GST portal by filling necessary forms. Along with a number of benefits the scheme has a few drawbacks as well, the most important one being that the composition dealer cannot avail Input Tax Credit.
A composition dealer should make GST Payment out of his own pocket for the supplies made by him. The GST payments made by a Compositions Dealer includes the following: