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How will GST benefit the small entrepreneurs and small traders?

Question 6 - Draft-Bills-Reports - Frequently Asked Questions (FAQ) GST - FAQ [OLD] on Goods and Services Tax (GST) - (December 2015) - Question 6 - Q 6: Ans: The present threshold prescribed in different State VAT Acts below which VAT is not applica .....

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is desirable and, therefore, the Empowered 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 .....

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