is below 20 lacs turnover is allowable for compositions scheme
is below 20 lacs turnover is allowable for compositions scheme
Hi,
composition scheme turnover limit is INR. 75 Lakhs ( INR.50 Lakhs for few States)
Following individuals are not allowed to choose the composition scheme:
1) a casual taxable character or a non-resident taxable person;
2) suppliers whose mixture turnover inside the previous economic year crossed Rs. 75 lakhs;
3) provider who has bought any goods or services from unregistered provider except he has paid GST on such items or services on reserve charges basis;
4) supplier of services, aside from eating place provider;
5) persons supplying goods which are not taxable under GST law;
6) persons making any inter-state outward substances of goods;
7) suppliers making any supply of goods through a digital trade operator (Like amazon, ebay etc.,)who's required to acquire tax at source under section 52; and
8) a producer of following goods:
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