Composition scheme turnover in gst
This query is : Resolved
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
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
15 March 2018
Thanks for your reply
pl share notification for turnover is below Rs 1.5 crore
pl share notification for turnover is below Rs 1.5 crore
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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