Friday, Jun 5 2020 | Time 22:24 Hrs(IST)
  • No need for CBI probe into Markaz incident, Centre tells SC
  • South Central Railway run 235 Shramik Special trains since May 1
  • Kerala reports 111 new COVID cases, 22 recoveries, 973 patients under treatment
  • Tokyo 2020 vice president unsure whether Games can be held in 2021
  • Kerala to conduct antibody tests on large scale to check community spread
  • Reservation for Economically Weaker Sections available at Central, Union territory level: J&K Govt
  • 2022 FIFA World Cup Asian Round 2 qualifiers to be played by November
  • Six U-19 China footballers suspended for drinking
  • Bilateral differences should not become disputes: India, China at diplomatic talks
  • Gadkari launches awareness campaign on ‘Prevention of Human and Animal Mortality on Highways’
  • Delhi's contagion tally mounts to 26,334, deaths 708
  • NIA files charge sheet in Ghaziabad FICN case
  • SC queries pvt hospitals on Covid treatment at Ayushman Bharat rate
  • Shops, markets open in Mumbai

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.
More News

Telangana Governor interacts with functionary of JNTUH

05 Jun 2020 | 10:20 PM

Hyderabad, Jun 5 (UNI) Telangana Governor and Chancellor Dr (Smt) Tamilisai Soundararajan on Friday interacted with the functionaries of Jawaharlal Nehru Technological University, Hyderabad (JNTUH) through video conference.

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South Central Railway run 235 Shramik Special trains since May 1

05 Jun 2020 | 10:08 PM

Nanded, Jun 5 (UNI) Beginning with the first Shramik Special train rolled out from the Zone on May 1, the South Central Railway has run 235 such special trains and transported over 3 lakh migrant workers to their respective destinations till June 5.

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Massive plantation drive in Kakinada SEZ on World Environment Day

05 Jun 2020 | 10:07 PM

Kakinada, Jun 5 (UNI) The GMR Kakinada SEZ has launched a massive plantation drive in its 30 acre green belt area to mark the observance of World Environment Day on Friday.

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Kerala reports 111 new COVID cases, 22 recoveries, 973 patients under treatment

05 Jun 2020 | 10:06 PM

Thiruvananthapuram, Jun 5 (UNI) Kerala on Friday reported its highest number of 111 new COVID-19 cases on a single day, Chief Minister Pinarayi Vijayan said.

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Six narcotic smugglers arrested with poppy straw, charas

05 Jun 2020 | 10:05 PM

Jammu, Jun 5 (UNI) Police on Friday arrested six narcotic smugglers with contraband of poppy straw and cannabis in Udhampur, Jammu and Samba districts of Jammu region.

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