in section 10(1) other sutdy material tournover amount written not exceed 1 croro rupees (75 lakh for special category state except Uttarakhand and jammu & kashmir)
what is correct tournover amount kindly help on that
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Replies (5)
In terms of Notification 14/2019 CT 7/3/2019 is being increased to 1.5 Crore , w.e.f. 1/4/2019
At present it's Rs. 1.5 crore. The CGST Act has been amended to increase the statutory turnover limit from Rs 1 crore to Rs. 1.5 crore.
The study material may not have noted the amendment.
The study material may not have noted the amendment.
First proviso under Section 10(1)(b) , it's being clearly mentioned being 1crore limit is substituted by 1.5crore
Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover.
Yes can opt for Composition scheme, flat 1% GST on Turnover, No ITC available
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