Menu
COMPOSTION SCHEME TRANSACTION LIMIT
limit for transaction under composition scheme is 1cr or 1.5 cr
Replies (5)
1.5 cr for opt composition scheme
from when the limit is 1.5 cr sir
1 crore, till now for 1.5 core effective date is not notified. Though assent received from President.
23rd GST Counsel meeting at Guhavati
At Present, it is ₹ 1 Crore to opt for Composition Scheme u/s 10 of CGST Act 2017.
But after the Amendment of CGST ( Amendment ) Act 2018, the upper limit to opt for Composition Scheme have been increased to Rs.1.5 Crore. But, this particular provision has not yet been Notified by the Government. So wait until it is notified by the Government.
Warm Regards.
But after the Amendment of CGST ( Amendment ) Act 2018, the upper limit to opt for Composition Scheme have been increased to Rs.1.5 Crore. But, this particular provision has not yet been Notified by the Government. So wait until it is notified by the Government.
Warm Regards.
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
CAclubindia
