COMPOSTION SCHEME TRANSACTION LIMIT
Tarun Singhal (151 Points)
25 September 2018
limit for transaction under composition scheme is 1cr or 1.5 cr
5 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 25 September 2018
1 crore, till now for 1.5 core effective date is not notified. Though assent received from President.
Shivam RC
(Student)
(23683 Points)
Replied 25 September 2018
At Present, it is ₹ 1 Crore to opt for Composition Scheme u/s 10 of CGST Act 2017.
But after the Amendment of CGST ( Amendment ) Act 2018, the upper limit to opt for Composition Scheme have been increased to Rs.1.5 Crore. But, this particular provision has not yet been Notified by the Government. So wait until it is notified by the Government.
Warm Regards.
But after the Amendment of CGST ( Amendment ) Act 2018, the upper limit to opt for Composition Scheme have been increased to Rs.1.5 Crore. But, this particular provision has not yet been Notified by the Government. So wait until it is notified by the Government.
Warm Regards.
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