Question8:  

As per the section 10 (1) of CGST Act, 2017 as amended by the Notification NO. 46/2017-CT dated 13.10.2017. my law crux is showing the limit for composition scheme is Rs. 1.00 Crore, but as per various websites it is said that the turnover limit is increased to 1.5 crore. is it true? kindly clarify...

Answer:

Thanks for your observation. Please Note that proviso of Section 10(1) provides power of extention of limit of composition only up to maximum 1 Crore and the Govt.in exercise of said power  by Notification NO. 46/2017-CT dated 13.10.2017 extends the limit of composition scheme up to Rs. 1.00 Crore. But the extension of limit up to 1.5 Crore is only recommended by GST council in Press release dt. 10.11.2017 but the same will be in affect only by amendment of maximum limit of extension in the proviso of Section 10(1) CGST Act and SGST Act.  The related Press release is given in Law crux GST To check the same please go to section 10 of CGST Act click the in Utility button given in the top tool bar now you will find in  the left side of the bottom one button of circuler with the button of N (for notification) now click this button for detail In case of any problem please mail to support section or you can call any time.We are always at service you
 

(Reply dt.05.01.2018)