Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Registration as a Composition dealer

jerrins joy (33 Points)

03 October 2020

what is the limit of registration as a composition dealer

Reply
Follow
Share

5 Replies

prasad Nilugal (3914 Points)
Replied 03 October 2020

Are you supplying goods or providing services ?.

jerrins joy (33 Points)
Replied 03 October 2020

Goods Coconut Oil distribution

prasad Nilugal (3914 Points)
Replied 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 .

jerrins joy (33 Points)
Replied 03 October 2020

Thanks

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 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].