Turnover limit for composition scheme ???

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chartered accountant
35 Points Posted on 14 July 2017

what is the turnover limit for composition scheme ???
is it 50 lakhs or 75 lakhs ??

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On 14 July 2017 at 19:38 Report
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2 Points Posted on 14 July 2017
75 lakh
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On 14 July 2017 at 19:45
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chartered accountant
35 Points Posted on 14 July 2017
could u please provide me any reference for it ..?
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On 14 July 2017 at 19:50
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28 Points Posted on 14 July 2017
Turnover must be below Rs. 75 lakhs (Rs. 50 Lakhs for North-Eastern States)
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On 14 July 2017 at 19:52
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Student CA IPC / IPCC
22 Points Posted on 14 July 2017
75 lakh
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On 14 July 2017 at 19:53
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chartered accountant
35 Points Posted on 14 July 2017
thanks for ur immediate response....where can I get this info ...???
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On 14 July 2017 at 19:58
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108 Points Posted on 14 July 2017
75%
1% for trader
2% for manufacturer
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On 14 July 2017 at 20:01
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Student
236 Points Posted on 14 July 2017
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

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On 14 July 2017 at 20:07
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chartered accountant
35 Points Posted on 14 July 2017
got it Faraz...thnq so much...
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On 14 July 2017 at 20:19

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