Gst exemption limit for ca

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UBEIDULLA (Querist)
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27 July 2019 What is the basis exemption limit for chartered accountants under GST, under composition shceme? what is the tax rate for under composition for CAs? Can the CAs take credit or the input tax?

Will the experts enlighten me on this.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 July 2019 1 Composition scheme limit 50 lacs.
2 Tax rate 6%.
3 Cannot claim the input tax credit
4 Cannot charge or collect tax from the customer. So, a taxpayer bears the liability himself under the scheme.
5 Cannot carry out interstate transactions or Exports

UBEIDULLA

UBEIDULLA (Querist)
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28 July 2019 Thank you sir............

Is there a basic limit upto which it is exmpt from tax?

CA PARTH SHAH

CA PARTH SHAH (Expert)
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29 July 2019 Basic Exemption Limit is same for all the service provider i.e Rs 20 lakhs

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