What is the threshold for opting to pay tax under the composition scheme?
Question 13
Bill
Levy of and Exemption from Tax
Faq On GST (2nd Edition) Dated 31.3.2017
Q 13. What is the threshold for opting to pay tax under the composition scheme?
\nAns. The threshold for composition scheme is ₹ 50 Lakhs of aggregate turnover in the preceding financial year. The benefit of composition scheme can be availed up to the turnover of ₹ 50 Lakhs in current financial year.
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