GST Tip – 364

As perĀ Notification No. 46/2017- Central Tax dated 13th October, 2017, the limit for composition levy has increased from 75 Lacs to Rs 100 Lacs and in case of states with the special category it is been increased from Rs 50 Lacs to Rs 75 Lacs.

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GST Tip – 226

As per the CGST Act, the government on the recommendation of the GST Council can increase the threshold limit for composition levy from Rs 50 Lacs to maximum Rs 1 Cr through a notification.