Composition levy turnover threshold increased under CGST, raising qualifying limits for eligibility to the composition scheme. The notification amends the earlier composition levy notification by substituting higher turnover limits: it replaces the prior higher turnover ceiling with an increased ceiling for composition scheme eligibility and correspondingly raises the lower threshold governing a subsidiary eligibility bracket, effecting textual substitution in the original Gazette notification under the Central Goods and Services Tax framework.
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Composition levy turnover threshold increased under CGST, raising qualifying limits for eligibility to the composition scheme.
The notification amends the earlier composition levy notification by substituting higher turnover limits: it replaces the prior higher turnover ceiling with an increased ceiling for composition scheme eligibility and correspondingly raises the lower threshold governing a subsidiary eligibility bracket, effecting textual substitution in the original Gazette notification under the Central Goods and Services Tax framework.
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