A person availing composition scheme during a financial year crosses the turnover of ₹ 75 Lakhs (₹ 50 lakhs in hil areas) during the course of the year i.e. say he crosses the turnover of ₹ 75 Lakhs (₹ 50 lakhs in hil areas) in December? Will he be allowed to pay tax under composition scheme for the remainder of the year i.e. till 31st March?

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..... evy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 - GST - Act-Rules - FAQ - Dated:- 23-7-2017 - Section 10 - Composition levy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 Rule 6 - Validity of composition levy Central Goods and Services Tax Rules, 2017 No. The option availed shall lapse from the day on which his aggregate turnover during the financial year exceeds ₹ 75 L .....

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