Govt doubles GST exemption limit in big relief for MSMEs
Council would consider reducing GST on more items including cement when revenues move up, says Jaitley
Service providers with a turnover limit of up to ₹50 lakh are now allowed to avail of the composition scheme as well at a rate of 6%. Those who avail of the scheme will have to file tax on a quarterly basis, though returns can be filed annually.
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