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GST Tip – 226

As per the CGST Act, the government on the recommendation of the GST Council can increase the threshold limit for composition levy from Rs 50 Lacs to maximum Rs 1 Cr through a notification.

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GST Tip – 177

Under Composition Scheme, the threshold limit is Rs 50 Lacs,  the same can be increased up to a maximum of Rs 1 Crore basis on the recommendation of the GST Council.

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GST Tip – 170

As per the revised Invoice Rules, Delivery challan can be issued in place of tax invoice during the transportation of goods for job work or for repairs of machinery or in the case of supply of liquefied gas or as may be notified by the GST Council from time to time.

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