One of my client is supplying labour to government works now is in regular dealer he can opt composition
and what is the rate of tax he need pay in composition
is their any turnover limit
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Regular to composition
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Quick Summary
Yes for composition scheme the turnover limit is 1.5 crore rupees and the tax rate will be 1%
A taxpayer whose turnover is below Rs 1.5 crore* can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh. 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 will be applicable from the 1st of Feb, 2019. Further, GST Council in its 32nd meeting proposed an increase to this limit for service providers on 10th Jan 2019*. Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover.
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