Goods and Services Tax – GST – Dated:- 7-3-2019 – The GST Council in its 32nd Meeting held on 10th January, 2019, inter-alia, had taken the following decisions to be effective from 1st April, 2019 (01.04.2019): Higher Exemption Threshold Limit for Supplier of Goods: There would be two Threshold Limits for exemption from registration and payment of GST for the Suppliers of Goods i.e. ₹ 40 lakhs and ₹ 20 lakhs. States would have an option to decide about one of the limits. The Threshold for Registration for Service Providers would continue to be ₹ 20 lakhs and in case of Special Category States ₹ 10 lakhs. Composition Scheme for Services and Mixed Suppliers: A Composition Scheme shall be made available for Suppliers o
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =