GST Council raises threshold limit to Rs. 40 lakh, proposes annual returns for composition taxpayers

Jan 10,2019

GST Council during its 32nd meeting today proposes increase in threshold limit for registration from Rs 20 lakh to Rs 40 lakh; Allows composition taxpayers to pay GST quarterly and file returns annually while raising limit of annual turnover for composition scheme to Rs 1.5 cr: CNBC TV 18

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