Is the GST Composition scheme beneficial? Cost-impact analysis shows the risks

One of the Central Board of Excise & Customs (CBEC’s) flyers on composition levy scheme in  GST says: “Composition levy scheme is a very simple, hassle-free compliance scheme for small taxpayers. It is a voluntary and optional scheme. Benefits of composition scheme: Easy compliance as no elaborate accounts and records to be maintained Simple Quarterly Return Quarterly payment of tax Provi…