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GST exemption limit doubled
January 11 , 2019
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- The GST council has raised the annual turnover for availing composition scheme to Rs 1.5 crore from Rs 1 crore effective from April 1, 2019.
- The move comes to provide relief to small businesses under Goods and Services (GST) regime.
- The Council has doubled the GST exemption limit to Rs 20 lakh for north eastern states and Rs 40 lakh for the rest of the country.
- The council also allowed Kerala to levy 1 per cent calamity cess on intra-state sales for a period of up to 2 years.
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