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English | हिंदी | தமிழ்

Increasing GST threshold limit to 60 Lakh may be considered by GST Council: FM Nirmala Sitharaman

FM Nirmala Sitharaman on Wednesday said the request from Parliamentarians to raise the sales threshold for GST Registration can be looked into by the GST Council; however, she added that most small businesses ideally should be part of the GST chain.

The Rajya Sabha on Wednesday passed the Central Goods and Services Tax (Second Amendment) Bill, 2023, which seeks to increase the upper age limit of president and members of the GST Appellate Tribunal and allows advocates with 10 years of experience to be eligible to become a member of the tribunal. The bill had already been cleared by Lok Sabha.

The upper age limit for president of the GST Appellate Tribunal is proposed to be raised to 70 years from the current 67 years. For members it is proposed to be increased from 65 years to 67 years........

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