Interim Budget 2024: Enhance GST Registration Threshold To Rs 40 Lakh From Rs 20 Lakh

“With GST collections showing healthy growth, the government can consider enhancing the threshold for GST registration to Rs 40 lakh which currently is at Rs 20 lakh. Further, while the GST council had proposed to make ISD mandatory for the distribution of credit, so we might see changes in GST legislation related to that. Further, on the customs front, there is a dire need to digitalize the process to verify the certificate of origin under FTA / PTA which will save time and effort for importers claiming benefits under FTAs / PTAs”

Link – https://zeenews.india.com/personal-finance/interim-budget-2024-enhance-gst-registration-threshold-to-rs-40-lakh-from-rs-20-lakh-2713482.html