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<h1>Madhya Pradesh Offers Composition Scheme for Businesses with Turnover Under Rs. 75 Lakh, Effective June 27, 2017, Per GST Act.</h1> The notification issued by the Madhya Pradesh State Government, effective from June 27, 2017, allows registered persons with an aggregate turnover not exceeding seventy-five lakh rupees in the previous financial year to opt for a composition scheme under the Madhya Pradesh Goods and Services Tax Act, 2017. This scheme permits them to pay a tax amount calculated at a prescribed rate instead of the standard state tax. This decision follows the recommendation of the GST Council and is formalized by the order of the Governor of Madhya Pradesh.