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We have company in Delhi which is registered un...

We have company in Delhi which is registered under GST . Total turnover during previous year is of 80 lacs. Can we pay tax under composition scheme for the FY 2017-18?

We have company in Delhi which is registered under GST . Total turnover during previous year is of 80 lacs. Can we pay tax under composition scheme for the FY 2017-18?

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Jeeba Lal Jun. 19, 2018

Yes. As per the GST rule, Every company trading goods and having turnover less than 1 crore turnover in the previous year, can pay the gst under composition scheme for the current after fulfilling the certain conditions stated under gst.

We have company in Delhi which is registered under GST . Total turnover during previous year is of 80 lacs. Can we pay tax under composition scheme for the FY 2017-18?

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