Turnover limit for composition
chintan pansuriya (12 Points)
25 July 2017
threshhold limit in composition is 50 lakhs or 75 lakhs...?
7 Replies
Trinadharao Adigarla
(Tax Consultant & Lecturer)
(1086 Points)
Replied 26 July 2017
75 lacks ............
Kaushik Deepak (KD)
(Deputy Finance Manager)
(1136 Points)
Replied 26 July 2017
The GST Council in its meeting held on 11th June, 2017has
recommended
increase
in
the
afore
said
turnover
limit
for Composition Levy
for CGST and SGST purposes
from Rs.50
lakh to Rs.
75 lakh
in respect of all
eligible
registered persons
,
referred to
in the
afore
said sub
-
section
.
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