GST Update 3 – GST threshold
GST
Dated:- 15-6-2015
As per the official sources:
* Traders with a turnover of less than ₹ 10 lakh a year are neither required to pay GST nor to take registration for it.
* Those with annual sales between ₹ 10 lakh and ₹ 50 lakh will need to pay tax at a rate lower than standard GST rate.
* However, the concessional tax rate would not be available for traders making inter-State transactions irrespective of their turnover.
* Th
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =