Composition Scheme is a simple process under the GST law for all the taxpayers, so that they can get rid of the difficult formalities and have to pay the GST at a fixed rate based on the turnover. This scheme is opted by the taxpayer whose turnover is less than Rs 1.0 crores. But now the CBIC has notified the increase to the threshold limit is from Rs 1.0 Crore to Rs. 1.5 Crores. The limit is now Rs 75* lakh, in case of Northeastern states and Himachal Pradesh. The applicable GST rate under the composition scheme is 1% of the rate of annual turnover, in case of manufacturer or traders (Goods).