GST exemption limit doubled to give relief to small businesses
New Delhi, Jan 10: In a bid to give relief to small businesses, the GST Council Thursday doubled the exemption limit and raised the threshold for availing the composition scheme.
The GST Council doubled the GST exemption limit to Rs 20 lakh for north eastern states and Rs 40 lakh for the rest of the country, Finance Minister Arun Jaitley told reporters here.
The scope of the GST Composition Scheme, under which small traders and businesses pay a small tax based on turnover rather than value addition, was raised to Rs 1.5 crore from Rs 1 crore.
The twin move would give relief to micro, small and medium enterprises (MSMEs), he said.
The council also allowed Kerala to levy 1 per cent calamity cess on intra-state sales for a period of up to two years.
On including real estate and lottery under the Goods and Services Tax, the council decided for form a seven-member group of ministers after differences of opinion emerged at the meeting, he said.
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Janasena MLA loses Rs 12 lakh in fake RTA challan cyber fraud
Polavaram (Andhra Pradesh) (PTI): Andhra Pradesh police have registered a cyber fraud case after Janasena MLA C Balaraju lost Rs 12 lakh by clicking on a malicious APK file, a police official said on Sunday.
According to police, the incident occurred on March 6 when the legislator unknowingly accessed the fraudulent link, leading to unauthorised transactions from his bank account, following which he approached the National Cyber Crime Helpline and registered a complaint.
"We have registered a case after Janasena MLA C Balaraju from Polavaram constituency lost Rs 12 lakh by clicking on a malicious Android Package Kit (APK) file posing as an Road Transport Authority (RTA) challan," the official told PTI.
Fraudsters have transferred all amounts from the MLA's account after he clicked on the suspicious APK file, he said.
The complaint was later forwarded to the local police station on March 21 for further investigation, he added.
Meanwhile, police have registered a case under Section 318(4) BNS and Section 66 D of the IT Act and initiated a probe into the incident.
According to police, bank statements revealed that the withdrawn amount was traced to an ATM located in West Bengal.
It is suspected the involvement of an organised gang, possibly with international links, behind the cyber fraud, the official added.
