Difference between Revised Threshold limit and Composition levy under GST terms
What is Composition levy? How does Revised Threshold limit work under GST regime? What are the difference between Composition levy and Revised Threshold limit?
Under GST system, the following information explains about Composition levy and Revised Threshold limit.
As per GST terms, Composition levy Any person who has been granted registration on a provisional basis under clause (b) of sub-rule (1) of rule 24 and who opts to pay tax under section 10. Threshold limit means limit which allows the person to do business without obtaining registration under GST.
The details about Composition levy and Revised Threshold limit with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Composition levy and Revised Threshold limit, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Composition levy and Revised Threshold limit separately below. You may kindly read the below links to know more about Revised Threshold limit and Composition levy.
Meaning of Intimation for composition levy
Revised Threshold limit under GST
The above information easily explains about Revised Threshold limit and Composition levy.
I hope, you have satisfied with the difference between Composition levy and Revised Threshold limit explained above. Do you have different thought on difference between Revised Threshold limit and Composition levy?
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