what's the present turnover limit to get registered as a composition dealer
Hitesh Gupta (75 Points)
20 September 2018what's the present turnover limit to get registered as a composition dealer
CA Mohammed Khalandar
(Practicing Chartered Accountant)
(203 Points)
Replied 20 September 2018
Dear Sir,
1. 23rd GST Council Meeting was held on 10th Nov, 2017. In that meeting, there was a proposal to increase the threshold limit of Composition Scheme from 1 Cr. to 1.5 Cr. But the fact is, proposal is not turned into act till now.
2. Hence, the current composition limit is One Crore.
3. The limit is Rs. 75 Lakhs for States of Norther Eastern and Himachal Pradesh..
Thanks
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 20 September 2018
Yes... I agreed to Mr. CA Khalandar...
In current scenario the limit is 1 cr / 75 l.....
Shivam RC
(Student)
(23683 Points)
Replied 20 September 2018
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
