GST Council hikes annual turnover for availing composition scheme to Rs 1.5 cr from Rs 1 cr; effective April 1, 2019

NEW DELHI: GST Council hikes annual turnover for availing composition scheme to Rs 1.5 cr from Rs 1 cr; effective April 1, 2019 said FM Arun Jaitley.

Businesses availing GST Composition Scheme to file just one annual return, pay taxes once every quarter says FM Jaitley.

GST exemption limit doubled to Rs 40 lakh annual turnover; Rs 20 lakh for north eastern states, says FM Jaitley.

GST Council allows Kerala to impose 1 pc cess on intra-state sales for up to 2 yrs said Jaitley.

Group of Ministers constituted to consider GST on real estate, lottery after differences of opinion in GST Council, says FM Jaitley. (agencies)