GST amendment bills tabled in Lok Sabha
New Delhi, Aug 7 : The government on Tuesday introduced four bills in the Lok Sabha to amend GST laws to increase the upper limit of turnover for opting for composition scheme.
The amendments, among other things, seek to raise the turnover threshold from Rs 1 crore to Rs 1.5 crore.
The Central GST (Amendment) Bill, Integrated GST (Amendment) Bill, Union Territory GST (Amendment) Bill and GST (Compensation to States) Amendment Bill were tabled by Finance Minister Piyush Goyal.
The minister said the bills would help the micro, medium and small enterprises.
The GST Council in its July 21 meeting had recommended several amendments to GST laws including raising the turnover threshold for registering as composition dealers who are supposed to file quarterly returns instead of monthly returns.
The Council had also recommended amendments to the GST laws to allow taxpayers to opt for multiple registrations within a state or union territory in respect of multiple places of business located within the same state.
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Delhi records high of 32.7 deg C; AQI remains 'moderate'
New Delhi (PTI): The maximum temperature in Delhi settled at 32.7 degrees Celsius on Sunday, 1.3 notches below the seasonal average, according to the India Meteorological Department.
The minimum temperature was recorded at 20.1 degrees Celsius on Sunday, 1.3 notches below the average for the season, while the relative humidity stood at 46 per cent at 5.30 pm, the IMD said.
The weather department has forecast a partly cloudy sky for Monday with the maximum and minimum temperatures expected to hover around 34 and 19 degrees Celsius, respectively.
The air quality remained 'moderate' at 4 pm, with an Air Quality Index (AQI) reading of 134, a slight drop from Saturday’s 137, Central Pollution Control Board (CPCB) data showed.
According to the CPCB, an AQI between zero and 50 is considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', and 401 and 500 'severe'.
