Ceiling limit under composition scheme.
This query is : Resolved
22 January 2019
Sir,
One of our friend, who is runnig a Restaurant, has migrated from VAT to GST in July 17 and was in Regular scheme upto Nov 17. In Dec 17, he switched over to Composition scheme.
His annual turnover, including VAT period during the F Y 2017 - 18 has crossed Rs. 1 Crore. However, if we exclude the turnover for the first 3 months under VAT period, the total turnover ( Jul 17 to Mar 18 ) is below Rs. 1 Crore.
Has he crossed the ceiling amount of turnover under Composition scheme for the F Y 2017 - 18. And if so, what is the remedial action for this.
Kindly advice.
One of our friend, who is runnig a Restaurant, has migrated from VAT to GST in July 17 and was in Regular scheme upto Nov 17. In Dec 17, he switched over to Composition scheme.
His annual turnover, including VAT period during the F Y 2017 - 18 has crossed Rs. 1 Crore. However, if we exclude the turnover for the first 3 months under VAT period, the total turnover ( Jul 17 to Mar 18 ) is below Rs. 1 Crore.
Has he crossed the ceiling amount of turnover under Composition scheme for the F Y 2017 - 18. And if so, what is the remedial action for this.
Kindly advice.
22 January 2019
He has not crossed the limit first 3 months not to be included.
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