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Now, Businesses with an annual turnover of up to Rs 40 lakh are GST exempt (for

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Now, Businesses with an annual turnover of up to Rs 40 lakh are GST exempt (for goods). Initially, this limit was Rs 20 lakh. Additionally, those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only 1% tax (for goods). https://t.co/udv4fWI22m
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Updates | Mohit Sharma | |   from:cbic_india from:FinMinIndia from:GST_Council from:IncomeTaxIndia from:Infosys_GSTN