Tag Archives: Composition Levy

How to Withdraw from GST Composition Levy Scheme : FAQ

By | October 30, 2017

Withdrawal from Composition Levy 1. Can I withdraw from the Composition Levy? Yes, you can withdraw from the Composition Levy, at any time of the financial year, voluntarily. You can also withdraw from Composition Levy if your Annual aggregate turnover exceeds 50 lacs in Arunachal Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura,… Read More »

17 th GST Council Meeting Decisions on 18.06.2017 – Composition Levy and GST Rate on Certian Goods

By | June 18, 2017

RECOMMENDATIONS REGARDING THE COMPOSITION LEVY AND GST RATE ON CERTAIN GOODS [As per discussions in the 17 th GST Council Meeting held on 18 th June, 2017] I. The Turnover Limit for the Composition Levy: 1. The GST Council, in its meeting held on 11th June, 2017, had recommended increase in the turnover limit for… Read More »