GST Council decides to raise composition scheme threshold to Rs 2 crore. Currently, the threshold has been hiked to Rs 1.5 Crore with the highest possible threshold amount being capped at Rs 2 Crore. Currently, As per The Central Goods and Service Tax Act(CGST Act), the threshold can be increased to a maximum of Rs 1 Crore. Further for amending it to Rs 2 Crores require the amendment of law. 

Also, the rate of tax applicable has been uniformed to 1% for manufacturers and traders which will be chargeable only on taxable supplies and not on exempt supplies unlike it was previously being done. However, for determining the turnover both taxable and exempt supplies shall be considered. For restaurants, the provision remains unchanged. Also, Restaurants have been provided the option of charging the tax rate of 5% without taking any input tax credit.