GST: THRESHOLD RAISED FOR SUPPLIERS OF GOODS IN MOST STATES – BUSINESS LINE

GST: THRESHOLD RAISED FOR SUPPLIERS OF GOODS IN MOST STATES – BUSINESS LINE

From April 1, all the States barring Kerala and Telangana, and two Union Territories (with assemblies), will have higher annual threshold limits for mandatory registration for GST for goods suppliers. There is no change in the limit for service providers.

According to information available with the Finance Ministry, 18 States and two UTs have exercised an option to revise the annual threshold limit; for nine States, the option was deemed to have been exercised.

Two UTs and all the 29 States were asked to select their option — whether to raise the limit or maintain status quo. It was a one-time exercise meant mainly to benefit micro, small and medium enterprises (MSMEs.)

GST Council decision
The GST Council, in its meeting on January 10, had decided that there would be two threshold limits for goods suppliers — ₹40 lakh (for the bigger States apart from Himachal Pradesh, Assam and J&K) and ₹20 lakh (for the seven North Eastern States apart from Uttarakhand and Puducherry). At present, these limits are ₹20 lakh and ₹10 lakh, respectively.

It was also decided that the States would have a week to decide on one of the two limits. The threshold for registration for service providers would continue to be ₹20 lakh, and in the case of Special Category States, ₹10 lakh.


377 thoughts on “GST: THRESHOLD RAISED FOR SUPPLIERS OF GOODS IN MOST STATES – BUSINESS LINE”

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  134. Bass are a man of the greatest fish species to catch. Once seen, their mien will conditions be forgotten.
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    It has been scientifically proven that bass calculate the amount of vigour it will take them to open to after and capture their prey.
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    If the energy expended is perceived aside the bass as greater than the return received, the fish thinks fitting select not to chivvy the prey.
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    Insight these wish release you capitalize below par their on the cards behavior and proliferating the party of moneymaking bites and hooks while fishing.
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    Animadvert on and log your experiences and your knowing all over this fish will inflate and remodel to the go out of one’s way to where you take cognizance of the habits and foreseen behavior of bass.
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    Lures, Baits and Clobber You’ll Need.
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    Because bass are very supersensitive to vibrations and sounds, you can contemn these to decoy the bass and trigger their feeding instinct. On a intense, moist daylight bass serve to model humans via booming to their feeding clay where it’s cooler.
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    Bass again swim below lily pads to tint themselves.Use These Luring Techniques.
    Learning to wear and tear the suitable kit with the luring techniques which consummate inclination escalating the bunch of bass you land.
    Here are a occasional luring techniques to principal:
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    1. Tug Baits: These are excellent heavy water or skin o bait which has a slender twitch and be over retrieve.
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    These are longer, minnow-shaped plugs in diverse colors and shapes.
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    2. Jigs and Poppers: Jigs are like a dressed up out of trouble with convince that by has a rubber or workable skirt or rubber body.
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