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Composition turnover limit

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MALAY DAS (Querist)
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21 June 2017 Respected sir
WHAT IS TURNOVER LIMIT OPT FOR COMPOSITION SCHEME IN GST?IF A TRADER UNREGISTAR IN VAT LAW OPT COMPOSITION SCHEME CAN HE GET
ITC IN OLD STOCK BEFORE APPLY GST ? PLEASE ADVICE. THANKS......

Amol S Joglekar

Amol S Joglekar (Expert)
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21 June 2017 01. the limit was declared to be 50 lakh (News is that it is raised to 75 lakh) for composition
02. ITC is not available for unregistered dealer

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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21 June 2017 Turnover limit for opting composition under GST is raised to Rs 75 Lakhs

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