Tag Archives: Composition Scheme limit

What is GST Composition Scheme

By | February 20, 2023

What is GST Composition scheme The GST Composition Scheme is a simplified tax scheme under the Goods and Services Tax (GST) system in India. It is designed for small businesses and taxpayers to reduce their compliance burden and ease the tax payment process. Under this scheme, eligible businesses with an annual turnover of up to… Read More »

Notification No 14/2019 Central Tax : Composition Scheme Limit increased from 01.04.2019

By | March 8, 2019

  Notification No 14/2019 Central Tax Notification No 14/2019 Central Tax Dated 07.03.2019 Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores. [To be published in the… Read More »