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COMPOSTION SCHEME TRANSACTION LIMIT

Tarun Singhal (151 Points)

25 September 2018

limit for transaction under composition scheme is 1cr or 1.5 cr

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subhagan sreerangam (7039 Points)
Replied 25 September 2018

1.5 cr for opt composition scheme

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Tarun Singhal (151 Points)
Replied 25 September 2018

from when the limit is 1.5 cr sir

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 25 September 2018

1 crore, till now for 1.5 core effective date is not notified. Though assent received from President.

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subhagan sreerangam (7039 Points)
Replied 25 September 2018

23rd GST Counsel meeting at Guhavati

Shivam RC (Student) (23683 Points)
Replied 25 September 2018

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.

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