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of <h1>GST Council Raises Composition Levy Turnover Limit to Rs. 75 Lakh; Special Category States Decision Pending.</h1> The GST Council, during its meeting on June 11, 2017, recommended increasing the turnover limit for the Composition Levy under the Central Goods and Services Tax Act, 2017. The threshold was raised from Rs. 50 lakh to Rs. 75 lakh for eligible registered persons. This adjustment affects manufacturers, certain suppliers, and other suppliers, with tax rates of 1%, 2.5%, and 0.5% respectively. The decision on whether this increased limit will apply to Special Category States is pending and will be addressed in the next council meeting.
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