Amendment to GST Notification: Revised Threshold Limits
The Central Government, empowered by section 10 of the Central Goods and Services Tax Act, 2017, introduces amendments.
Amendments are made to notification No. 8/2017-Central Tax, dated June 27, 2017, based on Council recommendations.
The threshold for mandatory GST registration is increased from "seventy-five lakh rupees" to "one crore rupees".
Similarly, the threshold for the composition scheme is raised from "fifty lakh rupees" to "seventy-five lakh rupees".
Ruchi Bisht, Under Secretary to the Government of India, issues the amended notification.
These revisions aim to ease compliance burden for small businesses and streamline tax regulations.
Businesses falling within the revised threshold limits must adapt to the changes promptly.