Wednesday, Nov 13 2019 | Time 22:48 Hrs(IST)
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  • Ganga could be brought closer to Patna with low cost measures: Rajendra Singh
  • Three people die in separate road accidents in Mirzapur
  • Tigresses & Lionesses setup final clash after recording thumping wins on Day 2
  • Maha:Hectic parleys on b/w probable allies to hammer out consensus for forming govt
  • Misbah calls on bowlers to deliver as Pakistan seek redemption on Aussie shores
  • MP to experience cold days soon
  • ‘Maxwell has set right example for cricketers all over the world’ – Kohli opens up on mental health in cricket
  • Nun rape case: Court adjourns trial proceedings
  • India takes on Bangladesh in first match of the two-Test series on Thursday
  • India takes on Bangladesh in first match of the two-Test series on Thursday
  • MP Guv stresses on academics
  • BJP and AJSU all set to go their separate ways after fielding candidates against each other
  • MP CM bows to Nehru
  • BJP leader detained, police use water cannons on party workers protesting against dengue
  • Naveen urges all large scale industries and MSMEs to develop a robust downstream ecosystem in Odisha
States


Increase in limit for GST exemption in Assam

Guwahati, Oct 3 (UNI) The Assam Assembly today approved increasing the limit of annual
turnover for compulsory registration for small traders as well as raising the cap for those
eligible for filing composite tax under the GST regime.
As per the changes approved through the Assam Goods and Services Tax (Amendment)
Bill, 2018, passed by the House today, the annual turnover for compulsory GST registration
has been increased to Rs 20 lakh from current Rs 10 lakh.
Finance Minister Dr Himanta Biswa Sharma said the change in the slab would greatly
benefit the small traders in the state.
He pointed that besides Assam, Meghalaya and Nagaland had got the approval from the
GST Council in its last meeting for increasing the cap to Rs 20 lakh, though the North
Eastern states were originally put together in the Rs 10 lakh cap bracket as the turnover
of most businesses was within the latter limit and pushing up the cap to Rs 20 lakh would
deprive the state government of substantial revenue.
The other major amendment passed in the Assembly increased the turnover limit from
Rs 75 lakh to Rs 1.5 crore for businesses to be eligible for filing 1% composite tax under
the GST regime.
Further, for entrepreneurs with a turnover of up to Rs 1.5, the composite tax has been
fixed at 2 per cent.
Dr Sharma said both these changes in the limit were earlier proposed by the Opposition
members of the House and the state government had got the necessary clearance from
the GST council for implementing the same.
UNI SG BM
More News

Bedi’s appeal to parents on Children's Day

13 Nov 2019 | 10:45 PM

Puducherry, Nov 13 (UNI) Puducherry Lt Governor Kiran Bedi on Wednesday night called up on the parents and every adult to give their children the best education, the best of everything to nurture them as responsible citizens.

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Three people die in separate road accidents in Mirzapur

13 Nov 2019 | 10:42 PM

Mirzapur, Nov 13 (UNI) Three people including a girl died in separate road accidents here on Wednesday.

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Congress protests against HP govt

13 Nov 2019 | 10:38 PM

Shimla, Nov 13 (UNI) Congress state unit on Wednesday come down heavily on Jai Ram Thakur Government in the state alleging that the latter is trying to sell the interest of this hill state by signing many deals in the name of investment.

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Maha:Hectic parleys on b/w probable allies to hammer out consensus for forming govt

13 Nov 2019 | 10:33 PM

Mumbai, Nov 13 (UNI) A day after the President Rule was imposed in the State, Maharashtra on Wednesday witnessed a series of hectic meetings and discussions at various levels among the Nationalist Congress Party(NCP), Shiv Sena and Congress in a bid to form the government.

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MP to experience cold days soon

13 Nov 2019 | 10:26 PM

Bhopal, Nov 13 (UNI) Madhya Pradesh is likely to witness the mercury dropping significantly after three to four days.

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