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Threshold limit for Composition scheme
What are the present threshold limits for Manufacturers and Service providers under Composition levy?
Replies (4)
50 lakhs.
But some for Manufacturers 1.5 crores given in some books
Yes, that is only for manufactures & goods traders, not for service providers.
Threshold Limit for Composition Scheme :
1). Manufacturers :- Rs. 1.5 Crore.
2). Traders of Goods :- Rs. 1.5 Crore.
3). Service Provider :- Rs. 50 lakhs.
1). Manufacturers :- Rs. 1.5 Crore.
2). Traders of Goods :- Rs. 1.5 Crore.
3). Service Provider :- Rs. 50 lakhs.
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