Businesses with annual turnover of up to Rs 40 lakh are now exempted from GST: Finance Ministry
India TV Business Desk | August 25, 2020 15:44 ISTThe Ministry of Finance on Monday said that businesses with an annual turnover of up to Rs 40 lakhs are exempt from GST and those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only one per cent tax.