Limit of aggregate turnover to opt compostion scheme u/s 10
R.v. Badgali (12 Points)
09 April 2020
what is the limit of aggregate turnover to opt compostion scheme u/s 10 ?
1 Replies
Shivam RC
(Student)
(23683 Points)
Replied 10 April 2020
The Aggregate Turnover limit to opt for Composition Scheme u/s 10 of the CGST Act 2017 is Rs. 1.5 crore.
However, the limit is Rs. 75 lakhs for some Special Category States. They are :
(1). Arunachal Pradesh.
(2). Manipur.
(3). Meghalaya.
(4). Mizoram.
(5). Nagaland.
(6). Sikkim.
(7). Tripura and
(8). Uttarakhand.
Also, the normal taxpayers supplying SERVICES and/or mixed supplies having aggregate turnover of last financial year upto Rs. 50 lakhs, can opt for Composition Scheme.
However, the limit is Rs. 75 lakhs for some Special Category States. They are :
(1). Arunachal Pradesh.
(2). Manipur.
(3). Meghalaya.
(4). Mizoram.
(5). Nagaland.
(6). Sikkim.
(7). Tripura and
(8). Uttarakhand.
Also, the normal taxpayers supplying SERVICES and/or mixed supplies having aggregate turnover of last financial year upto Rs. 50 lakhs, can opt for Composition Scheme.
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