Composition scheme limit has been increased to 1.5 crores

by Paras Mehra 3.81K

 

As a relief measure to lakh of small business, the GST council has decided to increase the limit of composition scheme from the existing 1 crore to 1.5 Crore.

This benefit has been provided in amid of confusion between lots of small business who were facing a lot of problem in complying with the GST and hence the government has decided to raise the limit of composition scheme.

Other major changes proposed by the GST council in their 23rd council meeting:

 

Conclusion

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