Goods and Services Tax – GST – Dated:- 20-12-2017 – Government has taken several proactive measures for smooth implementation of GST for MSMEs including: Exemption to Khadi fabric sold through Khadi and Village Industries Commission (KVIC) and KVIC certified institutions/outlets; Majority of items produced by the MSMEs in the band of 28% tax slab brought to lower slabs; Composition levy extended upto turnover worth ₹ 150 lakh per annum; Quarterly return to be filed by GST registered units
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