- The threshold for composition scheme is Rs. 1 Crore of aggregate turnover in the preceding financial year.
- TRICK= threshold + aggregate turnover + preceding + financial year.
- The benefit of composition scheme can be availed up to the turnover of Rs. 1 Crore in current financial year.
- TRICK= turnover + current + financial year
- 75 lakhs for 9 special category states viz 1. Arunachal Pradesh, 2. Assam, 3. Manipur, 4. Meghalaya, 5. Mizoram, 6. Nagaland, 7. Sikkim, 8. Tripura, and 9. Himachal Pradesh
- Person other than the supplier or recipient be liable to pay tax under GST
- Rates of tax for composition scheme
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