Connect with us +91 966 777 9615
After introducing the GST Act initially, the composition scheme had a limit of Rs. 1 crore, i.e. registration under the composition scheme can only be opted by business with an annual turnover of less than Rs. 1 crore. The GST composition scheme turnover limit for northeastern states and hill states such as Sikkim and Himachal
Learn More
Composition scheme is an alternative, simple & hassle free compliance scheme for small taxpayers with minimal procedures. Under this scheme, a taxpayer would be required to pay tax on the turnover based on prescribed percentage as the tax rate is comparatively low than those prescribed for normal taxpayers. The threshold limit of composition scheme extended
Learn More
