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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 nee .....

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il which will also determine standard GST rate. For Northeastern States, the threshold could be ₹ 5 lakh. This proposed minimum turnover levels for GST mean two things: Thousands of small traders below annual sales of ₹ 10 lakh would go o .....

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