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TMI BlogGST Update 3 - GST thresholdX X X X Extracts X X X X X X X X Extracts X X X X ..... GST Update 3 - GST threshold X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not be available for traders making inter-State transactions irrespective of their turnover. * The quantum of concession will be decided by proposed GST Council which will also determine standard G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ST rate. * For Northeastern States, the threshold could be ₹ 5 lakh. * This proposed minimum turnover levels for GST mean two things: * Thousands of small traders below annual sales of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 377; 10 lakh would go out of the tax net as in many State VAT threshold is ₹ 5 lakh. * Some of the tiny manufacturing units will come under the tax net given that the Central Excise duty is no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w payable only for units with ₹ 1.5 crore turnover. [Source: The Indian Express, New Delhi, dated 9-5-2015] This is just for your reference. It does not constitute our professional advice or r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecommendation.
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Rajasthan X X X X Extracts X X X X X X X X Extracts X X X X ..... ress release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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