What are the restrictions and conditions that a person must meet to be able to take advantage of composition levy?

A person who chooses to pay tax under the composition scheme must comply with these conditions :

(a) He should not be a casual tax payer nor a nonresident taxable individual;

(b) The goods in his stock on 22 June 2017 were not purchased from an Indian supplier or imported from India

 (c) Where he buys goods or services from another person, he will pay the reverse charge tax

 (d) At the top of his bill of supplies, he will mention "composition taxable person, not eligible for tax on any notice or signboard at his main business; and at all additional places.