Changes on Composite scheme.
This query is : Resolved
santosh saha
(Querist)
06 October 2017
It's is true that ,a new changes made for composite tax payers. From 75 lakhs to 1.5 crore turn over is fixed .
CA Rashmi Gandhi
(Expert)
06 October 2017
Limit is increased upto Rs.1 crore.
Rajannaidu
(Expert)
07 October 2017
The composition scheme shall be made available to taxpayers having annual aggregate turnover of up to Rs. 1 crore as compared to the current turnover threshold of Rs. 75 lacs. This threshold of turnover for special category States, except Jammu & Kashmir and Uttarakhand, shall be increased to Rs. 75 lacs from Rs. 50 lacs. The turnover threshold for Jammu & Kashmir and Uttarakhand shall be Rs. 1 crore
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