As at 10 November 2026, what is the preceding-year aggregate turnover ceiling in Section 10(2A) of the CGST Act for the composition option available to eligible persons outside Section 10(1) and (2)?
Question and options
As at 10 November 2026, what is the preceding-year aggregate turnover ceiling in Section 10(2A) of the CGST Act for the composition option available to eligible persons outside Section 10(1) and (2)?
₹1.5 crore
₹75 lakh
₹2 crore
₹50 lakh
Answer and explanation
Correct answer: D - ₹50 lakh
Section 10(2A) of the CGST Act, 2017 allows a registered person not eligible under section 10(1) or (2), whose aggregate turnover in the preceding financial year did not exceed ₹50 lakh, to pay tax at a concessional rate. The ₹1.5 crore figure is the limit for the main composition scheme under section 10(1).
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