When should mine owner/lease holder migrate from GST Composition Scheme into full GST System

By | August 2, 2017
(Last Updated On: August 2, 2017)

Question : What is the threshold limit and conditions when a small mine owner/lease holder under Composition Scheme has to migrate into full GST System?

Answer: As per section 10(3) of the CGST Act, 2017, the option availed of by the small mine owner/lease
holder shall lapse with effect from the day on which his aggregate turnover during a financial year exceeds Rs. 75
lakhs. For details regarding other conditions, section 10 of the CGST Act, 2017 and the rules framed there under may be referred to.


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