You are here: Home » Budget » Ask an Expert » Retail
Business Standard

Finance ministry wants a threshold of Rs 25 lakh for GST: Rachna Nath

Rachna Nath, Partner and Leader Retail & Consumer, PwC India, answers questions on Budget expectations for the retail sector

Rachna Nath 

Rachna Nath

What would be the threshold limit for
- Raghuveer Kamath

Read our full coverage on Union Budget


Rachna Nath, Partner and Leader & Consumer, India: The finance ministry had proposed a threshold limit of Rs 25 lakh for Since states have a significant number of VAT dealers with turnover between Rs 10 to 25 lakh, the empowered committee of state finance ministers in its meeting in August 2014 recommended a threshold limit of Rs 10 lakh for general category states and a lower threshold of Rs 5 lakh for special category and North Eastern states.

According to the Finance ministry the Rs 10 lakh threshold limit for imposition of proposed by states is ‘too low’ for creating a business friendly tax administration. Therefore, it is consistently pushing for the higher threshold limit of Rs 25 lakh.

First Published: Thu, February 05 2015. 18:38 IST
RECOMMENDED FOR YOU