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Question ID : 40790

Composition Dealer -Limit for Goods and limit for services

Presently A Taxpayer Is Registered Is Under Regular Scheme . He Is Selling Goods As Well As Providing Services. He Wants To Go For Composition Scheme . My Understanding Is That For The Goods , Maximum Turnover Limit Is Rs 1.5 Crores And Pay GST @1% . For Services Maximum Limit Is Rs 50 Laths And Pay Tax @6% . So In Total Rs 2 Crores He Will Get His Limit ( For Goods Rs 1.5 Cr And For Services Rs 50 Lakhs) Kindly Confirm The Above Understanding .

Posted by samirkumar gokulbhai kasvala on Aug 18, 2020

Filed Under GST

Answer ID : 83855

It is either of one. Not to cumulate.

Posted by CA. JHA SHANKAR KUMAR on Sep 29, 2022