Turnover Limit For Composition Scheme Revised From 50 Lakhs To 75 Lakhs?

watch_later 3 years, 4 months ago

Whether turnover limit of Rs. 50 lakhs is increased to 75 Lakhs Rs.?

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Pulkit Sharma watch_later 3 years, 4 months ago

Yes in the meeting held today the turnover limit for composition scheme, which was earlier fixed at 50 lakhs is revised to 75 lakhs.

Now a person can opt for composition scheme if his turnover does not cross 75 lakhs.

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