Threshold Limit and GST Rate  Applicable in case of Composition Levy [ Section 10 of CGST Act ]

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..... ggregate turnover in the preceding financial year did not exceed 50 lakh rupees, may opt to pay, in lieu of the tax payable by him. As per First proviso of section 10(1) , the Government may, by notification, increase the said limit of ₹ 50 lakh rupees to such higher amount, not exceeding ₹ 1.5 crore rupees , as may be recommended by the Council. The said aggregate turnover in the prec .....

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..... es referred to in clause (b) of paragraph 6 of Schedule II [ Restaurant Services ] 2.5% of the turnover in the State or Union territory 3. Any other supplier eligible for composition levy under sections 10(1) and section 10(2) 0.5% of the turnover of taxable supplies of goods and services in the State or Union territory Rate of tax composition levy for Services [ Section 10(2A) ] Sl. No. Category .....

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..... FY does not exceed Rs. 1.5 crore, he is eligible for composition scheme for goods in current FY. Further, in current FY, he want to supply mobile repairing services along with supply of goods [other than restaurant services]. Determine the value of supply of services Mr. Ramesh can supply under Composition scheme. Mr. Ramesh (a) 10% of 60 lakh, i.e. 6 lakh or (b) 5 lakh, whichever is higher. Thus, .....

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