Explains ₹1 lakh normal limit, ₹5 lakh exceptions, and first-day ₹5,000 cap for new users. Takeaway: plan payments to avoid transaction failures or compliance ...

The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution under the tax law to Rs 2 crore, but retained the limit at Rs 1 crore for fake ...

In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the ...

The 48th GST Council that deliberated eight of 15 agenda items on Saturday reduced GST on a couple of items, benefiting farmers and petroleum refiners, and provided rate-related clarifications on ...

On including real estate and lottery under the Goods and Services Tax, the GST council decided for form a seven-member group of ministers. In a bid to give relief to small businesses, the GST Council ...

HYDERABAD: The business community sought raising of the GST registration threshold in the state from Rs 20 to Rs 40 lakhs in line with many other states, allowing small businesses to sell goods at ...

Discussions on the goods and services tax (GST) have almost lost direction with the state finance ministers’ panel revisiting the structure of the new regime that also includes the tax rates. At its ...