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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NRI Kannadiga community should achieve greater accomplishments: Dr. Arathi Krishna
Bahrain: Dr. Arathi Krishna, Vice President of the Non-Resident Indian (NRI) Forum, Government of Karnataka, participated as the Guest of Honour at the prestigious Global Women’s Economic Forum and Exhibition held on January 13, 2025 in Bahrain.
The international event, known for its pivotal role in empowering women entrepreneurs and professionals, provided a unique platform for showcasing business innovations and fostering leadership among women.
During the event, Dr. Krishna emphasized the significance of women’s contributions to entrepreneurship and technological advancements. She noted that the forum's dynamic workshops, panel discussions, and expert speeches offered specialized insights into innovative practices, financial management, and the adoption of new technologies. These knowledge-sharing opportunities are designed to support emerging women entrepreneurs, enabling them to thrive in a competitive global marketplace.
Highlighting the transformative power of such initiatives, Dr. Krishna remarked on the growing achievements of women entrepreneurs in traditionally male-dominated sectors. She acknowledged that the event not only celebrated success stories from across the globe but also inspired young women to pursue entrepreneurship and leadership roles. The participation of women-led businesses from diverse nations underscored the universal nature of entrepreneurial spirit and innovation.
Dr. Krishna also engaged in thoughtful discussions with successful women leaders and interacted with representatives of various Kannada associations in Bahrain. She reiterated her appeal to the global NRI Kannada community to strive for excellence and greater accomplishments in their respective fields.
