Menu
Composition schme
what is the maximum Aggregate Turnover limit of a registered person under this scheme?
Replies (2)
Quick Summary
Under section 10 of the GST Act the turnover depends on the state
@ Mr. Krisshnan KP, there is no such Provision under the GST Law. Section 10 of the CGST Act 2017 does not specifies Turnover limit State wise. The limit only differs for General Category States and Special Category States.
As per the Provision of Section 10 of the CGST Act 2017, the Maximum Aggregate Turnover limit to opt for Composition Scheme is Rs. 1.5 crores. However incase of Special Category States, the Turnover limit is Rs. 75 lakhs. As per Notification No. 14/2019 - Central Tax, dated 07th March 2019, following States have been given the status of SPECIAL CATEGORY STATES :
1). Arunachal Pradesh.
2). Mizoram.
3). Manipur.
4). Meghalaya
5). Nagaland.
6). Tripura.
7). Sikkim.
8). Uttarakhand.
As per the Provision of Section 10 of the CGST Act 2017, the Maximum Aggregate Turnover limit to opt for Composition Scheme is Rs. 1.5 crores. However incase of Special Category States, the Turnover limit is Rs. 75 lakhs. As per Notification No. 14/2019 - Central Tax, dated 07th March 2019, following States have been given the status of SPECIAL CATEGORY STATES :
1). Arunachal Pradesh.
2). Mizoram.
3). Manipur.
4). Meghalaya
5). Nagaland.
6). Tripura.
7). Sikkim.
8). Uttarakhand.
Recent Topics :
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
- Bank balance in ITR-3
- INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
- Tempsens Instruments IPO GMP Allotment Listing dat
Related Topics :
CAclubindia
