Business Companies Industries

Elections bells ringing Raise in SME Limit to 40 lakhs at GST Council meet

In a bid to give relief to small businesses, the GST Council Thursday doubled the limit for exemption from payment of goods and services tax (GST) to Rs 40 lakh and announced that the higher turnover cap of Rs 1.5 crore for availing composition scheme of paying 1 per cent tax will be effective from Read More…

Business Companies Industries Market

GST Council Cuts rates over 23 Goods & Services ahead of 2019 Elections

The GST Council Saturday reduced tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks, and exempted frozen and preserved vegetables from the levy.   The reduced rates are likely to come into effect from January 1, 2019, Finance Minister Arun Jaitley told reporters after the 31st meeting Read More…