ERPNext GST
What is Composition Scheme in ERPNext?
- Composition Scheme in ERPNext
- Composition Scheme in ERPNext configures simplified GST for small businesses registered under the GST Composition Scheme.
What is Composition Scheme?
Small businesses with turnover below ₹1.5 crore (₹75 lakh for service providers) can opt for the GST Composition Scheme — paying a flat rate (1–5%) with simpler compliance.
ERPNext Configuration
Mark the company as a Composition Dealer in GST settings. ERPNext then applies the flat composition rate on sales invoices without allowing ITC claims.
Restrictions
Composition dealers cannot issue tax invoices, collect GST from customers, or claim Input Tax Credit. ERPNext enforces these restrictions automatically.
Need help with Composition Scheme in ERPNext?
Infonoxe Technologies specialises in ERPNext implementation and custom software for Indian businesses.
Implement ERPNext for Your Business
Expert ERPNext implementation, customisation, and support for Indian businesses.