India GST registration threshold Rs.20 lakh
- 22 September 2016 | Richard Asquith
The new Indian GST implementation Council has set the annual registration threshold at Rs. 20 lakh. Some more remote states will be permitted to set their Goods and Services Tax (GST) registration thresholds at Rs. 10 lakh.
Any business providing taxable supplies below these annual thresholds would not be required to register for GST.
GST is set to replace a host of consumption taxes in Indian in 2017 or 2018.
Further issues to be determined by the Council include: list of exempt or nil rated supplies; and the standard GST rate.
India has extended by 5 days the deadline for the filing of September's Goods and Services Tax return. The new filing deadline for the GSTR-3B...
India has confirmed the GST withholding rates for online marketplaces handling third party transactions. Tax Collected at Source (TCS) is a means of collecting income tax...
India has announced an extended deadline for the GSTR-1 return which lists taxable sales for each reporting period. It is generally due by the 10thof...