Businesses with Annual Turnover for GST of up to Rs 40 lakh are now GST exempt

Published On 25 Aug, 2020

Businesses with Annual Turnover of up to Rs 40 lakh are now GST exempt : Finance Minister Nirmala Sitharaman

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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