Is any turnover taxes slabs in GST,
Like eailer it was in excise duty.
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Turnover taxes slabs
Replies (10)
Thanks samir
There are no turnover slabs proposed in GST law. Composition scheme can be opted till turnover of Rs. 50 lakhs.
20 lac for indian and 10 lac for north side and composition 50 lac
What is mean composition
Composition is similar to presumptive basis
@ Nitin @ rajesh Can explain with me an example?
The Composition Scheme is one such scheme, applicable to all traders in India with a turnover of ₹ 50 lakh.
like a traders who not want to maintain monthly return or pay monthly then they choose composition return. in which return he filled one return in the whole year
Thanks nitin
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