Think tank Global Trade Research Initiative (GTRI) said small suppliers on e-commerce platforms should be permitted to undertake inter-state supplies without GST registration if their turnover does not exceed the threshold. The GST Council has exempted small businesses making intra-state supplies through e-commerce platforms from taking GST registration if their turnover is below Rs 40 lakh in case of goods and Rs 20 lakh in case of services. The rule will kick in from October 1.
Source a2ztaxcorp
Latest Posts in "India"
- States Worry Over Revenue Losses Amid GST Rate Rationalisation Proposal by Centre
- Madras HC Advocate Accuses Flipkart of Exploiting GST Loopholes, Urges Government Action
- India’s GST Evolution: From 2017 Launch to 2025 Reforms and Future Prospects
- US imposes additional tariffs on India for buying oil from Russia
- GST Council to Discuss Simplifying Tax Regime, Reducing Levies on Cement, Services, and Insurance
