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        Case ID :
        GST

        Proactive Measures taken by Government for Smooth Implementation of GST for MSME

        December 20, 2017

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        Government has taken several proactive measures for smooth implementation of GST for MSMEs including:

        • Exemption to Khadi fabric sold through Khadi and Village Industries Commission (KVIC) and KVIC certified institutions/outlets;
        • Majority of items produced by the MSMEs in the band of 28% tax slab brought to lower slabs;
        • Composition levy extended upto turnover worth ₹ 150 lakh per annum;
        • Quarterly return to be filed by GST registered units having turnover of ₹ 150 lakh per annum or less.
        • Reverse Charge Mechanism kept in abeyance till March 2018.

        This Press Release is based on information given by the Minister of State for MSME Shri Giriraj Singh in a written reply to a question in Rajya Sabha  on 20.12.2017(Wednesday)

        Composition levy threshold expanded, simplified quarterly returns and temporary suspension of reverse charge ease GST compliance for MSMEs. GST implementation for MSMEs includes exemptions for Khadi sold through KVIC-certified outlets; movement of many MSME goods from the highest rate band to lower GST slabs; expansion of the composition levy to a higher turnover threshold with quarterly returns available to units at or below that threshold; and temporary abeyance of the Reverse Charge Mechanism to reduce immediate compliance burdens.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Composition levy threshold expanded, simplified quarterly returns and temporary suspension of reverse charge ease GST compliance for MSMEs.

                                GST implementation for MSMEs includes exemptions for Khadi sold through KVIC-certified outlets; movement of many MSME goods from the highest rate band to lower GST slabs; expansion of the composition levy to a higher turnover threshold with quarterly returns available to units at or below that threshold; and temporary abeyance of the Reverse Charge Mechanism to reduce immediate compliance burdens.


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