composition scheme under gst
shubham (Student CA Final ) (41 Points)
17 May 2017
if Turnover is below 20 lakh limit.. then how it will be treated under gst or composition scheme
1 Replies
CA Altamush Zafar
(GST Consultant)
(15976 Points)
Replied 17 May 2017
If your turnover is below 20 lakh limit you have three options:-
1) Remain unregistered as it is not mandatory to register if turnover below 20 lakhs
2) Get voluntarily registered under composition scheme.
3) Get voluntarily registered under regular scheme
1) Remain unregistered as it is not mandatory to register if turnover below 20 lakhs
2) Get voluntarily registered under composition scheme.
3) Get voluntarily registered under regular scheme
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