10 January 2019
Good Afternoon To All Expert, Today GST Meeting 32 held on New Delhi & following changes in respect of Composition Scheme about Turn Over reduced from 1.5 Crore from 1 Crore . But Sir This turnover already changed in Gst rule amendment in August 2018 & new reduced turnover will effect from February 2019 & also service opt composition scheme upto 5 lakh turnover.
As per 32 Gst Meeting new turnover will changed from 1 April 2019. But As per Gst rule amendment in August 2018 turnover will effect from February 2019.
10 January 2019
THANK YOU SIR FOR UNDERSTAND ME AND WHAT I WANT TO ACTUALLY SAY. GST RULE AMENDMENT IN AUGUST 2018 REGARDING TURNOVER IN CASE OF COMPOSITION SCHEME . AND RULE PASS IN 31 GST MEETING AND WILL EFFECT FROM FEBRURY 2019. BUT IN TODAY GST MEETING GOVERNMENT INCREASED DATE OF COMPOSITION LIMIT 1 MONTH.
CAclubindia
