The turn over limit which was revised upto Rs. 1.5 Cr is enacted yet or not?
Whether as on today the limit for opting to Composition levy is Rs. 1 Dr for other than special category states?
Menu
Turnover limit for opting to Composition levy
Replies (2)
Yes, the limit is still 1 crore.
1 crore vide NN 46/2017-Central Tax, dated 13.10.2017
The Central Goods and Services Tax (Amendment) Act 2018, has only amended the proviso to Sec. 10(1) which empowers the government to increase the limit, subject to a maximum cap.
The said maximum cap has been increased to 1.5 crore, but since last increase to 1 crore, not further increase has been notified.
yes, still limit is 1 cr in composition levy.
Recent Threads
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
Related Threads
CAclubindia
