what is the turnover limit for composition scheme ???
is it 50 lakhs or 75 lakhs ??
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Turnover limit for composition scheme ???
Replies (8)
75 lakh
could u please provide me any reference for it ..?
Turnover must be below Rs. 75 lakhs (Rs. 50 Lakhs for North-Eastern States)
75 lakh
thanks for ur immediate response....where can I get this info ...???
75%
1% for trader
2% for manufacturer
1% for trader
2% for manufacturer
| Originally posted by : sambashiva | ||
 |
thanks for ur immediate response....where can I get this info ...??? |  |
Section 10 of CGST Act specifies 50 lakh. This limit was increased vide Notification No. 8/2017-Central Tax
https://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-8-central-tax-english.pdf
got it Faraz...thnq so much...
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