GST EXEMPTION LIMIT

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Himanshu Rupela (Querist)
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03 July 2017 please provide solution I have a business and dealing with goods and my annual turnover is not crossing the limit of 75 lacs and also the exemption limit of rupees 20 lacs there are some questions 1 should I opt for composition scheme 2 what if my annual turnover does not exceed 15 lakh and I have opted for composition scheme what shall be the amount of GST 3 what if my annual turnover exceed 8 rupees 20 lakh and I've opted for composition scheme what shall be the amount of GST

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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03 July 2017 1.Yes you can. 2. If register you have to pay tax@1% no matter whats your turnover. 3.You can opt in composition if your turnover is above 2000000. Tax is 1% in that case also.