RECOMMENDATIONS REGARDING THE COMPOSITION LEVY AND GST RATE ON CERTAIN GOODS [As per discussions in the 17th GST Council Meeting held on 18th June, 2017]
GST
Dated:- 19-6-2017
RECOMMENDATIONS REGARDING THE COMPOSITION LEVY AND GST
RATE ON CERTAIN GOODS
[As per discussions in the 17th GST Council Meeting held on 18th 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 Composition Levy for CGST and SGST purposes from ₹ 50 lakh to ₹ 75 lakh for all eligible registered persons. However, no clear view was taken as to whether or not this increased turnover limit will apply in case of Special Category
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