Composition scheme turnover in gst

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Jyothi

Jyothi (Querist)

15 March 2018 Deal All
What is the turnover in Composition Scheme in GST

Sayan Gupta

Sayan Gupta (Expert)

15 March 2018 A taxpayer whose turnover is below Rs 1.5 crore can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75 lakh. However the following people cannot opt for the scheme:

1. Taxpayer supplying exempt supplies.
2. Supplier of services other than restaurant related services
3. Manufacturer of ice cream, pan masala, or tobacco
4. Casual taxable person or a non-resident taxable person
5. Businesses which supply goods through an e-commerce operator

Jyothi

Jyothi (Querist)

15 March 2018 Thanks for your reply
pl share notification for turnover is below Rs 1.5 crore

Sayan Gupta

Sayan Gupta (Expert)

15 March 2018 https://economictimes.indiatimes.com/small-biz/policy-trends/gst-composition-scheme-for-small-taxpayers-extended-to-rs-1-5-crore/articleshow/61597635.cms

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