Composition scheme-turnover limit 1.5crore notification

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Vishnu

Vishnu (Querist)
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03 February 2018 Can u please provide me the Composition scheme turnover limit 1.5crore notification???

Arpit

Arpit (Expert)
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03 February 2018 There was a press release dated 10-Nov-17 where GST council has highlighted that the limit will be amended to increase the statutory threshold to Rs.2 crore. But it was only a proposal. I think that proposal has still not seen the light of the day.

Udaya Chandran

Udaya Chandran (Expert)
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03 February 2018 As of now, the limit is only Rs.1 Crore.

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RAJA P M

RAJA P M (Expert)
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04 February 2018 No more notification available or issued by CBEC. The decision taken by CBEC are 1.5cr / 2cr ceiling limit is only on decision based values. These not implemented or Applicable...