Goods and Services Tax

GST exemption limit doubled to give relief to small businesses

Goods and Services Tax – GST – Dated:- 10-1-2019 – New Delhi, Jan 10 (PTI) In a bid to give relief to small businesses, the GST Council Thursday doubled the exemption limit and raised the threshold for availing the composition scheme. The GST Council doubled the GST exemption limit to ₹ 20 lakh for north eastern states and ₹ 40 lakh for the rest of the country, Finance Minister Arun Jaitley told reporters here. The scope of the GST Composition Scheme, under which small traders and b

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