composition limit

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6 Points Joined January 2019
what is the actual limit for composition dealers now ?
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On 04 February 2019 at 09:27 Report
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164 Points Joined December 2016
PRESENT LIMIT IS 1 CRORE.

BUT IT IS PROPOSED TO BE INCREASED TO 1.5 CRORE AS PER RECENT GST COUNCIL MEET. (W.E.F FROM 01.02.2019)

BUT WE HAVEN'T RECEIVED ANY OFFICIAL NOTIFICATION.
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On 04 February 2019 at 23:09
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CA
3430 Points Joined January 2019
one crore...........
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On 05 February 2019 at 00:32
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Partner - Audit & Assistance
4825 Points Joined December 2018

It is 1.5 crore. Limit recently increased through CGST Amendment Act 2018 (w.e.f 1.2.19) notified through Circular 2/2019-Central Tax.

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On 05 February 2019 at 11:38
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Partner - Audit & Assistance
4825 Points Joined December 2018

Please read Circular as Notification*

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On 05 February 2019 at 11:43
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6 Points Joined January 2019
can u provide link for the notification
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On 05 February 2019 at 11:47
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Partner - Audit & Assistance
4825 Points Joined December 2018

Please refer CBIC website. https://www.cbic.gov.in/htdocs-cbec/gst/index

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On 05 February 2019 at 11:49
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Partner - Audit & Assistance
4825 Points Joined December 2018

Please note, the upper limit has been increased in the Act. The present limit remains at 1 crore and would be upgraded to 1.5 crore post notification only.

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On 08 February 2019 at 14:38


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