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How will GST benefit the small entrepreneurs and small traders?

Question 6 - Frequently Asked Questions (FAQ) GST - Goods and Services Tax - Question 6 - Q 6: Ans: The present threshold prescribed in different State VAT Acts below which VAT is not applicable varies from State to State. The existing threshold of goods under State VAT is ₹ 5 lakhs for a majority of bigger States and a lower threshold for North Eastern States and Special Category States. A uniform State GST threshold across States is desirable and, therefore, the Empowered Committee has r .....

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