Quick Summary
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) recently organized a conclave focused on GST and Globalization in the city. During this event, industry leaders urged the Chief Minister and State Finance Minister to consider raising the GST registration threshold from Rs 20 lakh
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FAQ :
The current Goods and Services Tax (GST) registration threshold is Rs 20 lakh annually.
Industry leaders are urging the government to increase the GST registration threshold to Rs 40 lakh annually.
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) is advocating for this change.
They believe it will significantly support small and medium-sized enterprises (SMEs) by reducing their compliance burden and allowing them to focus on business growth.
The industry body appealed directly to the Chief Minister and the State Finance Minister.
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