Basic exemption limit for small dealers/suppliers under GST in India

Introduction

For the first time in India, we have two basic exemption limits which are as follows;

​No one has the clear idea about why there is two basic exemption limits available based upon the location, however since it is the rule, we have to follow.

Under North- Eastern India, the following states are covered;

• Arunachal Pradesh
• Assam
• Jammu and Kashmir
• Manipur
• Meghalaya
• Mizoram
• Nagaland
• Sikkim
• Tripura
• Himanchal Pradesh
• Uttarakhand.

All these states have been given a special category under the Constitution of India, and the basic exemption limit of Rs.10 Lakh shall be applicable.

Conclusion

In case you have any query or doubt, you may email us at agam@hubco.in or post it in our CONTACT FORM.

Like and share this article :