Registration as a Composition dealer

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33 Points Posted on 03 October 2020
what is the limit of registration as a composition dealer
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On 03 October 2020 at 10:46 Report
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This discussion clarifies the registration limits for becoming a composition dealer. For supplying goods, the turnover limit is generally up to 1.5 Crore, provided you don't make inter-state supplies. Special category states have a lower limit of 75 Lakhs. The scheme is primarily for those supplying goods, with specific conditions to adhere to as outlined in the act.

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3924 Points Posted on 03 October 2020
Are you supplying goods or providing services ?.
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On 03 October 2020 at 10:55
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33 Points Posted on 03 October 2020
Goods Coconut Oil distribution
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On 03 October 2020 at 11:13
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3924 Points Posted on 03 October 2020
If you are supplying goods and your turn over is less than 1.5 Crore then you can opt for composition scheme , however you can not make Inter-State supply of goods and other conditions specified in act .
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On 03 October 2020 at 11:40
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33 Points Posted on 03 October 2020
Thanks
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On 03 October 2020 at 11:51
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Tax and Business Consultant
11616 Points Posted on 04 October 2020
Just want to add..
Currently, ‘Composition Scheme’ is available to those whose ‘aggregate turnover’ in the previous financial year did not exceed Rs. 150 lakhs. For Special Category States (Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura,) the limit is Rs 75 Lakh only. [See Notification No. 14/2019-Central Tax, dated 7-3-2019].
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On 04 October 2020 at 09:27

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