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composition limit
what is the actual limit for composition dealers now ?
Replies (7)
PRESENT LIMIT IS 1 CRORE.
BUT IT IS PROPOSED TO BE INCREASED TO 1.5 CRORE AS PER RECENT GST COUNCIL MEET. (W.E.F FROM 01.02.2019)
BUT WE HAVEN'T RECEIVED ANY OFFICIAL NOTIFICATION.
BUT IT IS PROPOSED TO BE INCREASED TO 1.5 CRORE AS PER RECENT GST COUNCIL MEET. (W.E.F FROM 01.02.2019)
BUT WE HAVEN'T RECEIVED ANY OFFICIAL NOTIFICATION.
one crore...........
It is 1.5 crore. Limit recently increased through CGST Amendment Act 2018 (w.e.f 1.2.19) notified through Circular 2/2019-Central Tax.
Please read Circular as Notification*
can u provide link for the notification
Please refer CBIC website. https://www.cbic.gov.in/htdocs-cbec/gst/index
Please note, the upper limit has been increased in the Act. The present limit remains at 1 crore and would be upgraded to 1.5 crore post notification only.
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