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Small traders to be exempted from GST: Adhia

Small traders to be exempted from GST: Adhia

Small traders having an annual turnover up to Rs 25 lakh will be exempted from goods and services tax and the Centre and states are likely to agree to this limit, Revenue Secretary Hasmukh Adhia said on Thursday. "There will be an exemption limit for small traders and the limit is likely to be fixed at Rs 25 lakh. The states and the Centre are now involved in an intense discussion on this. More or less, we have reached an understanding that the limit will be up to Rs 25 lakh," Adhia said in a post on the finance ministry's YouTube channel. States have been demanding that ...