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

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