One Trader is engaged at present in Trading of Saree Fall VAT is O%, He Purchases Goods From Rajasthan and Sales within UP only, Under GST Regime Whether he will Come under Composit Schem as his Total Turn Over is about Rs 50 Lacs and will pay 1% of GST Tax
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Gst -composit scheme
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Yes, he is eligible subject to condition that his outward supplies are only within that state i.e. there shall be no inter-state outward supplies. Composition scheme eligibility limit - Revised to Rs.75 lakhs. (Rs. 50 lakhs in case of NE states, HP & Sikkim)
Registered persons with aggregate turnover of not more than Rs.75 lacs p.a. will be covered under Composition Scheme.
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