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GST Update 3 - GST threshold

Dated:- 15-6-2015 - As per the official sources: Traders with a turnover of less than ₹ 10 lakh a year are neither required to pay GST nor to take registration for it. Those with annual sales between ₹ 10 lakh and ₹ 50 lakh will need to pay tax at a rate lower than standard GST rate. However, the concessional tax rate would not be available for traders making inter-State transactions irrespective of their turnover. The quantum of concession will be decided by proposed GST Counc .....

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