what's the present turnover limit to get registered as a composition dealer
Menu
Composition limit
Replies (3)
Dear Sir,
1. 23rd GST Council Meeting was held on 10th Nov, 2017. In that meeting, there was a proposal to increase the threshold limit of Composition Scheme from 1 Cr. to 1.5 Cr. But the fact is, proposal is not turned into act till now.
2. Hence, the current composition limit is One Crore.
3. The limit is Rs. 75 Lakhs for States of Norther Eastern and Himachal Pradesh..
Thanks
Yes... I agreed to Mr. CA Khalandar...
In current scenario the limit is 1 cr / 75 l.....
At Present, the Turnover Threshold limit to opt for Composition Scheme u/s 10 of CGST Act 2017 is Rs. 1 Crore ( Rs. 75 lakhs in case of Special Category States except the State of Jammu and Kashmir and Uttarakhand ).
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
