Free GST Updates – 11th Feb 2017

  1. India’s position under the business index related to ‘ease of Doing Business’ maintained by the World Bank to go up which will boost foreign investments in India and into the startup ecosystem.
  2. There will be a great sigh of relief to the startups in the service sector since the Turnover limits for applicability of GST has been increased to 2 Million INR (From existing 1 Million INR).
  3. Since there will not be any Entry level taxes, it will result is free flow of Goods in all the states resulting in faster delivery and increase in efficiency

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