Revised Rate for 66 Items and Threshold Limit For Composition Scheme

GST Council Revised Rate for 66 Items and Threshold Limit For Composition Scheme

Finance Minister Arun Jaitley on Sunday stated that the GST Council had received 133 representations from the industry on GST rates and the council has reduced rates for about 66 items.

Jaitley: The GST rates on goods cheaper for the common man but may cost to revenue of the government.

Traders, Manufacturers and Restaurants with a Turnover of up to Rs. 75 lakhs can avial the composition scheme and earlier threshold limit was Rs. 50 Lakhs.

Here are the list of revised rates :

Was this article helpful?

Related Articles