GST Composition Scheme

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61 Points Posted on 15 March 2019
I'm doing a retail business and providing a service

my Retail Business TO is1.4 Crorer
and my Service TO is 4 laks

Will i able to Opt composition scheme????
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On 15 March 2019 at 12:32 Report
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SEO Sai Gr. Hosp.
212503 Points Posted on 15 March 2019

Yes, As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment is applicable from the 1st of Feb, 2019.

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On 15 March 2019 at 14:07
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61 Points Posted on 15 March 2019
tq
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On 15 March 2019 at 17:16
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Tax assistant
172 Points Posted on 15 March 2019

Limit for composition scheme is 1.5 Crore in amendment act, But yet to receive further notifications for date of implication.

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On 15 March 2019 at 17:27

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