Published On 25 Aug, 2020
Businesses with Annual Turnover of up to Rs 40 lakh are now GST exempt : Finance Minister Nirmala Sitharaman
GST Tax Rate Changed - Dharmapuri Arvind

Now, the exemption limit of annual turnover for GST has been raised to Rs 40 Lakh from Rs 20 Lakh.

Additionally, those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only 1% tax.

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