Most asked questions from the Government on GST.
Levy of and Exemption from Tax
Question 13
Q 13. What is the threshold for opting to pay tax under the composition scheme?
Ans. The threshold for composition scheme is Rs. 1 Crore of aggregate turnover in the preceding financial year.
The benefit of composition scheme can be availed up to the turnover of Rs. 1 Crore in current financial year.
(75 lakhs for 9 special category states viz
1. Arunachal Pradesh,
2. Assam,
3. Manipur,
4. Meghalaya,
5. Mizoram,
6. Nagaland,
7. Sikkim,
8. Tripura,
and
9. Himachal Pradesh)
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