Small mining leaseholders ( turnover < Rs.75 lacs) can opt GST composition scheme

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

 

Question : Can small mining leaseholders with a turnover less than Rs.75 lacs operate under composition scheme?

Answer: As per Sec. 10(1) of the CGST Act, 2017, a registered person whose aggregate turnover in the
preceding FY did not exceed Rs.75 lakhs, would be eligible for paying GST under the composition scheme.

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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