GST Council meet: Quarterly return for up to Rs 1.5cr turnover, composition threshold now at Rs 1 cr, says Jaitley
Business | October 06, 2017 20:57 ISTGST Council raised the threshold limit for Composition Scheme to Rs 1 cr from the current Rs 75 lakh to ease tax filing for small traders. Under the Composition Scheme, traders have to pay a fixed tax rate between 1-5%.