Exemption to Khadi fabric sold through Khadi and Village Industries Commission (KVIC) and KVIC certified institutions/outlets;
- Majority of items produced by the MSMEs in the band of 28% tax slab brought to lower slabs;
- Composition levy extended upto turnover worth Rs. 150 lakh per annum;
- Quarterly return to be filed by GST registered units having turnover of Rs. 150 lakh per annum or less.
- Reverse Charge Mechanism kept in abeyance till March 2018.
This Press Release is based on information given by the Minister of State for MSME Shri Giriraj Singh in a written reply to a question in Rajya Sabha on 20.12.2017(Wednesday)
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