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Composition limit

Hitesh Gupta (75 Points)

20 September 2018

what's the present turnover limit to get registered as a composition dealer

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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

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RAJA P M ("Do the Right Thing...!!!") (128091 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

At Present, the Turnover Threshold limit to opt for Composition Scheme u/s 10 of CGST Act 2017 is Rs. 1 Crore ( Rs. 75 lakhs in case of Special Category States except the State of Jammu and Kashmir and Uttarakhand ).

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