now what is the limit of turnover for applying for comparison scheme,
when it is increased from 1cr to 1.5 cr ??
Menu
composition scheme
Replies (3)
Wait for notifications
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 ].
Recent Topics :
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
Related Topics :
CAclubindia
