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Service other than Restaurant service under Composition scheme
Please clear my Doubt regarding obtain composition scheme. Experts In 28 Gst meeting Government announce that any taxpayer can obtain Composition a scheme other than Restaurant Service upto 5 lakh. Experts is this facilities turn on under composition scheme ???
Replies (7)
No it was only a press released , till date there is no notification in this regard by CBEC.
Thanks and sir limit is increased 1.5 crore from 1 crore ???
Yes the limit has been increased from ₹1 crore to ₹1.5 crore. But it is a just a decision. First of all the CGST Act 2017 needs to be amended then it will be notified. The statutory limit is ₹1 crore as mentioned in SECTION 10 of CGST Act 2017.
Therefore, at present, the limit is ₹ 1 crore till the Act gets amended...
Therefore, at present, the limit is ₹ 1 crore till the Act gets amended...
And sir also for uttarakhand State it is 1 crore ?
Yes...
For Uttarakhand and Jammu and Kashmir, the limit is ₹ 1 crore
For Uttarakhand and Jammu and Kashmir, the limit is ₹ 1 crore
No limit is also 1crore only .
but sir lok sabha passed the amendments about composition scheme for turnover hoti 1.5 crore and any service provide upto 5 lakh
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