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This discussion clarifies the Goods and Services Tax (GST) composition scheme rules, particularly regarding turnover limits. If your business's turnover exceeds the prescribed threshold (e.g., ₹50 lakh for service providers, ₹1.5 crore for traders in Gujarat), you may need to switch from the composition scheme to the regular scheme. Failing to do so can result in penalties and interest charges. The conversation also touches upon filing requirements and the process of converting to the regular scheme.

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Tax and Business Consultant
11616 Points Posted on 27 July 2020
You are most welcome.
Feel free to contact if any other assistance required.
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On 27 July 2020 at 11:34
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113 Points Posted on 27 July 2020
Sagarji your contact number plz
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On 27 July 2020 at 12:02
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Tax and Business Consultant
11616 Points Posted on 27 July 2020
You can PM me @ caclubindia
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On 27 July 2020 at 12:06
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Student
47 Points Posted on 28 July 2020

Good job sagar ji.

I want to master gst sagar sir,

how can I ?

any book u recommend?

Thanx in adv.

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On 28 July 2020 at 08:57

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