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Composition scheme turnover in gst

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(Querist)
15 March 2018 Deal All
What is the turnover in Composition Scheme in GST
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Sayan Gupta

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Sayan Gupta (Expert)
15 March 2018 A taxpayer whose turnover is below Rs 1.5 crore can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75 lakh. However the following people cannot opt for the scheme:

1. Taxpayer supplying exempt supplies.
2. Supplier of services other than restaurant related services
3. Manufacturer of ice cream, pan masala, or tobacco
4. Casual taxable person or a non-resident taxable person
5. Businesses which supply goods through an e-commerce operator
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Jyothi

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Jyothi (Querist)
15 March 2018 Thanks for your reply
pl share notification for turnover is below Rs 1.5 crore
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Sayan Gupta

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Sayan Gupta (Expert)
15 March 2018 https://economictimes.indiatimes.com/small-biz/policy-trends/gst-composition-scheme-for-small-taxpayers-extended-to-rs-1-5-crore/articleshow/61597635.cms
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