Big relief for small traders - Boons from 32nd GST Council Meeting

The GST Council has made great efforts to win hearts of the small taxpayers in this 32nd meeting. This can be rightfully called as "Meeting for Small Taxpayers". Some relief decisions announced in this meeting are as follows: 

1. Increase in turnover limit for the existing composition scheme: The limit of annual turnover in the preceding financial year for availing composition scheme for goods shall be increased to Rs 1.5 crore. Special category States would decide, within one week, about the composition limit in their respective States. Effective date of this decision is 1 April 2019.
2. Only one return for composition scheme taxpayers : The compliance under composition scheme shall be simplified as now they would need to file one annual return but payment of taxes would remain quarterly (along with a simple declaration). Effective date of this decision is 1 April 2019.
3. Higher exemption threshold limit for supplier of goods: There would be two threshold limits for exemption from registration and payment of GST for the suppliers of goods i.e. Rs 40 lakhs and Rs 20 lakhs. States would have an option to decide about one of the limits within a weeks' time. The threshold for registration for service providers would continue to be Rs 20 lakhs and in case of Special category States Rs 10 lakhs. Effective date of this decision is 1 April 2019.
4. Composition scheme for services: A composition scheme shall be made available for suppliers of services (or mixed suppliers) with a tax rate of 6% (3% CGST + 3% SGST) having an annual turnover in preceding financial year upto Rs 50 lakhs. The said scheme shall be applicable to both service providers as well as suppliers of goods and services, who are not eligible for the presently available composition scheme for goods. 3.2 They would be liable to file one annual return with quarterly payment of taxes (along with a simple declaration). Effective date of this decision is 1 April 2019.
5. Free Accounting and Billing Software: Under GST regime, cost of accounting softwares had created financial burden on small taxpayers. Hence the council have agreed that Free Accounting and Billing Software shall be provided to small taxpayers by GSTN.
6. Revenue mobilization for natural calamities: GST Council approved levy of cess on intra State supply of goods and services within the State of Kerala at a rate not exceeding 1% for a period not exceeding 2 years.

The decisions of the GST Council would be given effect to through Gazette notifications/ circulars which alone shall have the force of law. The notifications when issued will be linked in the comments later.

Out of all these free accounting software decision would prove the most beneficial.

What do you think is the best decision out of the above. Please give your views in the comments section below. Would love to hear the experts views. 

May all the taxpayers benefit from all above decisions greatly.