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of <h1>India Raises Composition Levy Turnover Limits Under CGST Act 2017 to Boost Small Businesses.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 46/2017-Central Tax to amend Notification No. 8/2017-Central Tax. This amendment, effective from October 13, 2017, revises the turnover limits for the Composition Levy under the Central Goods and Services Tax Act, 2017. The turnover limit is increased from seventy-five lakh rupees to one crore rupees, and from fifty lakh rupees to seventy-five lakh rupees. These changes are made following the recommendations of the GST Council.
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