GST: A Perfect Future GST And Expectation in Hindi

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GST : Eligibility & NON Eligibility for Opting in Composition Scheme

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https://tax4wealth.com/v/57ulm2 GST :Eligibility & NON Eligibility for Opting in Composition Scheme Who are eligible taxpayers for opting-in for Composition Scheme:- Following taxpayers may opt for this scheme: • The normal taxpayers having aggregate turnover (at PAN level) below Rs. 1.5 Crore in the previous financial year, who doesn’t want to avail ITC facility. • The normal taxpayers having aggregate turnover (at PAN level) below Rs. 75 lakh in the previous financial year who are situated in following states: i. Arunachal Pradesh, ii. Manipur, iii. Meghalaya, iv. Mizoram, v. Nagaland, vi. Sikkim, vii. Tripura and viii. Uttarakhand • The normal taxpayers supplying services and/or mixed supplies having aggregate turnover of last financial year below Rs. 50 lakhs. Taxpayers, who are not eligible for opting in composition scheme: i. Suppliers of the goods/services who are not liable to be taxed under GST, ii. Inter-State outward suppliers of goods/services, iii. The taxpayers...
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Learn How to Upgrade Your Account Management Skills

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