Composition scheme

what is limit of composition scheme for traders in F.Y.18-19
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Quick Summary
The composition scheme offers a simplified tax option for traders. For the financial year 2018-19, the turnover limit to opt for this scheme was Rs. 1.5 crores. This limit was effective from April 2019.

Minimum turnover must be 20lak
Rs. 1 crore in FY 2018-19
1.5 cr...
Rs. 1.5 cr is w. e. f from April 2019

The limit to opt for composition scheme for financial year 2018-19 is 1.5 crores

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