Taxtds.com

Taxtds.com

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It handle all your business requirement like Accounting,data management ,tax returns, registration. Tax & Accounting consultancy

18/01/2019

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Photos 17/01/2019

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| Tax TDS | Best Taxation Service Provider 12/01/2019

32nd GST Council meeting was held at New Delhi and chaired by Shri Arun Jaitley. Announcements made was a big relief to MSMEs and small traders.

The key takeaways of the 32nd GST Council meeting are as follows:

Increase in GST registration limit from Rs 20 lakhs up to Rs 40 lakhs for suppliers of goods.
Changes in the existing composition scheme made by increasing the turnover limit to join the scheme up to Rs 1.5 crores, tax payments to be made quarterly and returns to be filed annually starting 1st April 2019.
New composition scheme is introduced for service providers and those who supply services along with goods; the Turnover limit set is Rs 50 lakhs and the Tax rate is fixed at 6%.
No rate cuts were announced this time. GoMs were formed to study taxation of under-construction properties & lotteries.
Calamity cess up to 1% for up to 2 years will be charged for supplies made within the State of Kerala.

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| Tax TDS | Best Taxation Service Provider Ahmedabad / Bangalore / Chandigarh / Chennai / Coimbatore / Delhi-NCR / Goa / Hyderabad / Indore / Jaipur / Kolkata / Mumbai / Mysore / Nagpur / Nashik / Pune / Surat / Vadodara / Rajasthan/Noida/Gurgaon /All Over India

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Dwarka Sec 3
New Delhi

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm
Sunday 9am - 5pm