composition scheme limit

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23 Points Posted on 02 October 2018
composition scheme is limit 1cr or 1.5cr????
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On 02 October 2018 at 10:17 Report
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15932 Points Posted on 02 October 2018

1 crore vide NN 46/2017-Central Tax, dated 13.10.2017

The Central Goods and Services Tax (Amendment) Act 2018, has only amended the proviso to Sec. 10(1) which empowers the government to increase the limit, subject to a maximum cap.

The said maximum cap has been increased to 1.5 crore, but since last increase to 1 crore, not further increase has been notified.

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On 02 October 2018 at 13:19

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