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of <h1>Proposed GST Thresholds: Uniform 10 Lakh for State GST, 1.5 Crore for Central GST to Support Small Traders.</h1> Threshold exemption in GST aims to exclude small traders from the tax net, achieving three objectives: reducing administrative costs, lowering compliance burdens, and providing small traders with a competitive edge over larger enterprises due to lower tax incidence. While State VAT thresholds vary, a uniform State GST threshold of 10 lakh for goods and services is proposed across all States and Union Territories, with compensation for regions previously having lower thresholds. For Central GST, the threshold for goods is suggested at 1.5 crore, with a similarly high threshold for services, to protect small traders and avoid dual control.
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