15 key features of CGST, IGST bills cleared by GST Council

Govt. Press Release shares the main features of CGST & IGST Bills cleared by GST Council on March 4; State-wide single registration, one single return state-wise by taxpayer to report all his supplies, among the highlights of the Bills; Business entities with annual turnover less than Rs. 20 lakhs not required to register itself in GST regime, composition scheme can be availed by entities with turnover less than Rs. 50 lakhs; ITC entitlement arising out of taxes paid unde...