Friday, May 1, 2020

GST Composition Benefit not available if Turnover exceeds Rs. 5 Lakh or 10% of Turnover in State: AAR [Read Order]

The Karnataka Authority of Advance Ruling (AAR) ruled that the applicant is eligible for composition scheme under Section 10 of Central Goods and Service Tax (CGST) Act, 2017 if the turnover services of the applicant does not exceed the 10% of turnover in a state or union territory in the preceding financial year or for […]

from Taxscan | Simplifying Tax Laws https://ift.tt/35l1VGI

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