Are you a trader, manufacturer or restaurant owner? Under GST or goods and services tax, the new indirect tax regime, you are not required to register or pay tax if your annual turnover is below Rs 20 ...

The meeting holds significance as the department is in the process of formulating the policy. (Representative image) Ease of Doing Business for MSMEs: More small businesses are likely to sell on ...

The option to pay Goods and Services Tax (GST) at reduced rate of 6% would be effective from the beginning of the financial year or from the date of obtaining new registration during the financial ...

Let’s start with the basics. The GST Act prescribes turnover thresholds for mandatory registration. For goods, registration is required once annual turnover exceeds ₹40 lakh, and for services the ...

Out of 10 lakh businesses that opted for the composition scheme during the July-September period, about 7 lakh have filed GST returns for the quarter. Businesses with turnover up to Rs 20 lakh are ...

"There would be two threshold limits for exemption from registration and payment of GST for the suppliers of goods, i.e., Rs 40 lakhs and Rs 20 lakhs. States would have an option to decide about one ...