Turnover limit for composition scheme revised from 50 lakhs to 75 lakhs?



Anonymous
watch_later 1 year, 1 month ago

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


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Pulkit Sharma watch_later 1 year, 1 month ago
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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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