Examine, with appropriate explanation, whether the suppliers are eligible for composition levy under section 10 of CGST Act, 2017, in the following independent cases in the beginning of the financial year 2023-24: (i) Au

The turnover limit for being eligible for composition scheme under sub-sections (1) and (2) of section 10 for Bangalore (Karnataka) is ₹ 1.5 crores in the preceding financial year. Thus, Audiocon Electronics can opt for said composition scheme in financial year 2023-24 as its aggregate turnover, i.e. ₹ 76 lakhs, is less than ₹ 1.5 crore in the financial year 2022-23 and it is making intra-State supplies on its own. Further, since the registered person opting for composition scheme can also supply services (other than restaurant services) for a value up to 10% of the turnover in the state in the preceding financial year or ₹ 5 lakhs, whichever is higher. Audiocon Electronics can supply repair services up to a value of ₹ 7.6 lakhs [10% of ₹ 76 lakhs] or ₹ 5 lakhs, whichever is higher. Thus, the maximum value of supply of repair services in the financial year 2023-24 can be of ₹ 7.6 lakhs under composition scheme.