GST Council hikes composition scheme limit to â¹1.5 crore
Finance Minister Arun Jaitley on Thursday said the GST Council has raised the scope of composition scheme from â¹1 crore to â¹1.5 crore. A single annual return with quarterly tax payments has also been introduced under the scheme, he added. Free accounting and billing software will be made available to small assessees up to â¹1.5 crore turnover, Jaitley further said.