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GST council meet: Good news for SMEs, Exemption limit for GST hiked to 40 lakh

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(G.N.S) Dt. 10 New Delhi Goods and Services Tax (GST) Council meet, at its 32nd meeting, it will be the last one before the Union budget, took a slew of decisions aimed at reducing the tax and compliance burden on small and medium enterprises, including increasing the threshold limit below which companies are exempt from GST, extending the Composition Scheme to small service providers, and allowing small companies to file

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