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The threshold aggregate turnover for opting into the regular Sec 10(1) composition scheme is:
ARs 1.5 crore
BRs 1 crore
CRs 2 crore
DRs 5 crore
Answer & Solution
Correct answer: A. Rs 1.5 crore
1. Sec 10(1) read with Notification 14/2019-CT prescribes Rs 1.5 crore as the limit for composition.
2. Special-category States (Manipur, Mizoram, Nagaland, Tripura) have a lower limit of Rs 75 lakh.
3. Service-sector composition under Sec 10(2A) is a separate scheme with Rs 50 lakh limit.
_Source: ICAI BoS CA Final Paper 8, Ch 3 "Levy and Collection of Tax", §Sec 10(1) proviso_
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