Composition limit in Punjab 20 lac or 40 lac?

for the state Punjab it's 40 lack

Limit 1.5 Crore :
As per proviso under section 10(1) substituted by Ammendment Act 31 of 2018 , effective from 1/2/2019 the limit is 1.5 Crore. & can also supply of services of not more then 10% of turnover in preceding FY.
Tax Rate :
2% for Manufacturer
5% for Restaurant Services
1% for Trader

Limit 50 Lac:
As per Notification.2/2019 CT (R) :
can supply goods,or services or both
Rate : 6%

composition scheme limit after amendment is 50lacs for any state.

20 and 40 lacs are registration limits.

registration limits in punjab 20 lakh or 40 lakh ?

if you are only dealing in goods then you can apply 40lakhs.

if you are into service then 20lacs.