A- A A+
Last Updated : May 26 2020 6:25AM     Screen Reader Access
News Highlights
Domestic flights resume bringing respite to thousands of stranded passengers across country            Centre reviews relief and restoration work in West Bengal in view of cyclone Amphan            Domestic production capacity of PPEs and N95 masks increases significantly            Wheat procurement by govt agencies surpasses last year’s figures touching 341.56 lakh tonnes despite lockdown            CBSE decides to increase exam centers from 3,000 to 15,000 for pending Board exams of class 10th and 12th           

National News

Jan 10, 2019
5:04PM

GST exemption limit doubled for small businesses

PIB
In a bid to give relief to small businesses, the GST Council on Thursday doubled the GST exemption limit to Rs 20 lakh for northeastern states and Rs 40 lakh for the rest of the country.

Speaking to media after a meeting of GST Council in New Delhi, Finance Minister Arun Jaitley said,the scope of  GST Composition Scheme, under which small traders and businesses pay a small tax based on turnover rather than value addition is raised to Rs 1.5 crore from Rs 1 crore. Mr Jaitley said the twin move would give relief to micro, small and medium enterprises (MSMEs).

The Finance Minister said, the changes will come into effect from 1st April this year. He said, those who come under the composition scheme will pay tax quarterly, but the return will be filed only once a year. Mr Jaitley said that a committee has been set up to consider real estate GST rates. 

The Minister said, the council has allowed the state of Kerala to impose a cess of up to 1 per cent on intrastate sales for two years.
 

Live Twitter Feed

Listen News

Morning News 25 (May) Midday News 25 (May) News at Nine 25 (May) Hourly 26 (May) (0605hrs)
समाचार प्रभात 25 (May) दोपहर समाचार 25 (May) समाचार संध्या 25 (May) प्रति घंटा समाचार 26 (May) (0600hrs)
Khabarnama (Mor) 25 (May) Khabrein(Day) 25 (May) Khabrein(Eve) 25 (May)
Aaj Savere 25 (May) Parikrama 25 (May)

Listen Programs

Market Mantra 25 (May) Samayki 25 (May) Sports Scan 23 (Mar) Spotlight/News Analysis 25 (May) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 10 (May) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar)
  • Money Matters 22 (Mar)
  • International News 22 (Mar)
  • Press Review 23 (Mar)
  • From the States 23 (Mar)
  • Let's Connect 22 (Mar)
  • 360°- Ek Parivesh 23 (Mar)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 22 (Mar)
  • Sanskriti Darshan 23 (Mar)
  • Fit India New India 23 (Mar)
  • Weather Report 21 (Mar)
  • North East Diaries 22 (Mar)
  • 150 Years of Bapu 22 (Mar)
  • Sector Specific Discussions 22 (Mar)