what is the threshold limit 1cr or 1.5 cr
is council decision notified by government for threshold of 1.5 cr .?
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composition scheme
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Businesses with annual turnover upto Rs 1.5 crore* can opt for composition scheme.
Turnover of all businesses with same PAN has to be added up to calculate turnover for the purpose of composition scheme.
Only Manufacturers of goods, Dealers, and Restaurants (not serving alcohol) can opt for composition scheme.
Turnover of all businesses with same PAN has to be added up to calculate turnover for the purpose of composition scheme.
Only Manufacturers of goods, Dealers, and Restaurants (not serving alcohol) can opt for composition scheme.
Yes now the threshold limit is extended to 1.5 cr for composition scheme
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