/ -- TEXPROCIL welcomes increase in GST exemption & Composition Scheme threshold limits
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Caption: TEXPROCIL Logo
The 32nd meeting of the GST Council held on January 10, 2019 has raised the GST exemption threshold limit from Rs.20 lakhs to 40 lakhs effective from April 1, 2019. For the North Eastern states, the threshold has been doubled to Rs. 20 lakh from Rs. 10 lakh. Welcoming the decision, Dr. K.V.Srinivasan, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL), said, "This decision will help the small and medium sized businesses and will encourage growth in the textiles sector."
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