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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.

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GST Tip – 177

Under Composition Scheme, the threshold limit is Rs 50 Lacs,  the same can be increased up to a maximum of Rs 1 Crore basis on the recommendation of the GST Council.

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