Question ID :
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 .
Answer ID :
samirkumar gokulbhai kasvala
Aug 18, 2020
It is either of one. Not to cumulate.
CA. JHA SHANKAR KUMAR on
Sep 29, 2022