Are you a trader, manufacturer or restaurant owner? Under GST or goods and services tax, the new indirect tax regime, you are not required to register or pay tax if your annual turnover is below Rs 20 ...

The meeting holds significance as the department is in the process of formulating the policy. (Representative image) Ease of Doing Business for MSMEs: More small businesses are likely to sell on ...

The option to pay Goods and Services Tax (GST) at reduced rate of 6% would be effective from the beginning of the financial year or from the date of obtaining new registration during the financial ...

Let’s start with the basics. The GST Act prescribes turnover thresholds for mandatory registration. For goods, registration is required once annual turnover exceeds ₹40 lakh, and for services the ...

New Delhi: The government today extended the deadline for small businesses to opt for the composition scheme in the GST regime by nearly four weeks to August 16. Small businesses with turnover of up ...

"There would be two threshold limits for exemption from registration and payment of GST for the suppliers of goods, i.e., Rs 40 lakhs and Rs 20 lakhs. States would have an option to decide about one ...

The Goods and Services Tax Network on Sunday announced the opening of the registration window for the Composition Scheme again till September 30. Under the Scheme, small taxpayers with a turnover of ...

In a move aimed at ensuring that sellers don't charge any tax from buyers, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST ...