We are having a jewelry shop can, we are eligible for composition scheme under GST?

We are having jwellery shop with turnover 36 lakhs can we are eligible for composition scheme under GST

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4 Answer(s)

Yes

Answered on June 20, 2017.
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Yes upto 75 lac.

Answered on June 20, 2017.
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Yes. dealers having an annual turnover of 75 lakh opt for composition. Dealers paying tax at the composition are not entitled to collect tax. so it is not clear whether the dealer will be asked to pay tax at the full rate on the entire of 75 lakh if the turnover crosses the limit of 75 lakhs rupees.

Answered on June 20, 2017.
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Yes

Answered on June 22, 2017.
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Your Answer

Gen GST