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Composition levy
What is the turnover limit for a taxable person under composition scheme if he doing business in sikkim (special category state) and tamilnadu
Replies (2)
A taxpayer whose turnover is below Rs 1.5 crore can opt for Composition Scheme. In case Special category states, the limit is Rs 75 lakh.
Subjects to conditions and limitation applicable for composition scheme
Yes,composition scheme has some benefits.
They do not have maintain such intricate details of invoice .They are not entitled to take input tax credit.
They do not have maintain such intricate details of invoice .They are not entitled to take input tax credit.
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