Composition Scheme Thresholds Enhanced — Small Businesses Get Higher Limits

Notification No.: 46/2017 – Central Tax
Date of Notification: 13th October 2017
Relevant Sections and Rules:

• Central GST Act, 2017: Section 10(1) (Composition levy scheme)
• Amends: Notification No. 8/2017 – Central Tax dated 27th June 2017
• Integrated GST Act: Not directly applicable

Summary of Notification

1. Enhancement of Aggregate Turnover Limit for Composition Scheme:
   The Central Government, based on GST Council recommendations, amended Notification No. 8/2017 – Central Tax to raise the eligibility threshold for opting into the composition scheme under Section 10(1) of the CGST Act.

Revised Turnover Limits:

This change allows a broader base of small taxpayers to avail the simplified tax compliance mechanism under the composition scheme.

Source: Notification No.: 46/2017 – Central Tax