GST Composition Scheme
Hemanth C L (60 Points)
15 March 2019my Retail Business TO is1.4 Crorer
and my Service TO is 4 laks
Will i able to Opt composition scheme????
Hemanth C L (60 Points)
15 March 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178155 Points)
Replied 15 March 2019
Yes, As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment is applicable from the 1st of Feb, 2019.
Saravana kumar
(Tax Consultant)
(170 Points)
Replied 15 March 2019
Limit for composition scheme is 1.5 Crore in amendment act, But yet to receive further notifications for date of implication.