Composition scheme
Chartered Accountant Sivakumar (164 Points)
31 July 2020
Is turnover for composition scheme under GST is calculated on state based or calculated on all india basis?
5 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 31 July 2020
It's calculated on all India basis.
Chartered Accountant Sivakumar
(164 Points)
Replied 31 July 2020
Thank you for the Information. I also have another doubt - if the composition dealer, manufacture and sell goods in mizoram and Mumbai, then what will be the turnover limit. Is it 75 lakhs or 1 crore 50 lakhs?
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 31 July 2020
If you have a Two GST number, one for Maharashtra and other for Mizoram with same PAN...than limit is 75 Lakhs.
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