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        Question 13 - What is the threshold for opting to pay tax under the composition scheme?

        Faq On GST (2nd Edition) Dated 31.3.2017
        Chapter 2
        Levy of and Exemption from Tax

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        Composition scheme threshold permits small taxpayers with limited aggregate turnover to opt for simplified tax payment under GST. Eligibility to opt for the composition scheme requires an aggregate turnover not exceeding Rs. 50 Lakhs in the preceding financial year; the composition benefit continues only while aggregate turnover in the current financial year remains within that same limit.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Composition scheme threshold permits small taxpayers with limited aggregate turnover to opt for simplified tax payment under GST.

                                Eligibility to opt for the composition scheme requires an aggregate turnover not exceeding Rs. 50 Lakhs in the preceding financial year; the composition benefit continues only while aggregate turnover in the current financial year remains within that same limit.


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