Yes, only if you’re running a goods/manufacturing business with an annual revenue of less than Rs 50 lakh, then presumptive tax can be opted, under composition scheme. Businesses dealing in manufacturing units, goods and services under restaurants sector can opt for this presumptive tax option. When opting for the Composition Scheme under GST, a taxpayer will be required to file summarized returns on a quarterly basis, instead of three monthly returns (as applicable for normal businesses). Under Composite Scheme, a registered taxpayer will pay tax at a rate not more than 1% for manufacturer, 2.5% for restaurant sector and 0.5% for other suppliers of turnover. Such taxpayers would be required to furnish only one return i.e. GSTR-4 on a quarterly basis and an annual return in FORM GSTR-9A.