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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.
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