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composition scheme

Ranjeet Singh (accounts) (374 Points)

21 July 2018

composition scheme is applicable up to which amount for taking it..

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Darshan Zanwar (Intern) (7 Points)
Replied 21 July 2018

As of today composition scheme is applicable to assess having turnover upto ₹ 1.00 cr, but GST council has recommended to extend the turnover limit upto ₹ 1.5 cr.

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Dhirendra Singh (6 Points)
Replied 21 July 2018

what is the turnover limit of Composition Dealer in Assam

Shivam RC (Student) (23683 Points)
Replied 21 July 2018

Turnover limit to opt Composition Scheme in Assam is ₹ 75 lakhs...

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Vinod Babu (24191 Points)
Replied 22 July 2018

Yes, Turnover limit to opt Composition Scheme in Assam is Rs 75 lakhs.

Increment from INR 50 lakhs to 75 lakhs:

In this context, the Central Government vide Notification No. 8/2017- Central Tax dated 27th June, 2017 by evoking the power under the aforesaid section has increased this limit to INR 75,00,000/-.

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