MoS Finance says Centre will keep revising tax slabs in GST
Mumbai (Maharashtra) [India], October 9 (ANI): The Minister of State for Finance, Shiv Pratap Shukla, on Monday said the Centre would keep revising the tax slabs as far as the Goods and Service Tax (GST) is concerned.
"We will keep revising the tax slabs. These are not fixed norms. People's comfort is our priority and we will decide according to that," Shukla told the media.
Shukla was present as the bell-ringing ceremony of the Bombay Stock Exchange (BSE), here. He rang the opening bell.
On Friday, the GST Council raised the composition scheme threshold for businesses to Rs. 1 crore, which will allow them to pay a tax of 1 per cent to 5 per cent, without having to deal with a three-stage filing process.
In compliance with the latest recommendations by the council, small and medium-sized enterprises (SMEs) with an annual turnover of Rs. 1.5 crore will be allowed to file their returns quarterly instead of filing it every month. (ANI)
This story has not been edited. It has been published as provided by ANI
National Unity Day: A tribute to Sardar Patel | Master Stroke
What all changed after J&K officially bifurcated into 2 UTs? | Master Stroke
Israeli spyware Pegasus snooped on Indian Journalists through Whatsapp | Master Stroke
Maharashtra: Shiv Sena's Sanjay Raut Meets Sharad Pawar
Drill displays IED diffused with the help of a robot by NSG
Article 370 only gave separatism and terrorism to J&K: PM Modi in Kevadiya
Let us work towards making India $5 trillion economy: Modi To Trainee Civil Servant | Full Speech
Radio Stations in Jammu, Srinagar and Leh renamed
Jammu and Kashmir to witness 'Acche Din'? | Seedha Sawal
Expert advice on how to survive poor air quality in Delhi-NCR