GST Council 22nd meeting update: - Tax Corner

6 Oct 2017

GST Council 22nd meeting update:


1. Turnover for composition scheme raised from ₹75 Lakhs to₹ 1 crores.


2. E-way bill provisions deferred till April 2018.


3. Reverse charge to be abolished till 31.03.2018.


4. Quarterly returns for taxpayers with annual turnover less than ₹1.5 crores. Tax to be paid on monthly basis.



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