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How will GST benefit the small entrepreneurs and small traders?

Question 6 - Draft-Bills-Reports - 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 e .....

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owered Committee has recommended that a threshold of gross annual turnover of ₹ 10 lakh both for goods and services for all the States and Union Territories may be adopted with adequate compensation for the States (particularly, the States in N .....

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