now what is the limit of turnover for applying for comparison scheme,
when it is increased from 1cr to 1.5 cr ??
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composition scheme
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Till date its 1crore , & the maximum prescribe in act is 1crore , so it needs to be change in Act. no notification can issue in this regard without increasing limit in Act first.
Agree with Pankaj Sir....
The statutory limit is ₹ 1 crore to opt for Composition Scheme u/s 10 of CGST Act 2017. To increase this limit, the Goverment have to amend the Act [ which is in process - CGST (AMENDMENT) BILL 2018 ].
The statutory limit is ₹ 1 crore to opt for Composition Scheme u/s 10 of CGST Act 2017. To increase this limit, the Goverment have to amend the Act [ which is in process - CGST (AMENDMENT) BILL 2018 ].
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