Orissa Govt Sets 3% GST Rate for Small Businesses with Turnover up to Rs. 50 Lakh; Conditions Apply.
The Orissa State Government has issued a notification under the Odisha Goods and Services Tax Act, 2017, prescribing a 3% tax rate for registered persons with annual turnovers up to 50 lakh rupees in the preceding year. This applies to intra-State supplies of goods or services starting April 1, 2019. Eligibility conditions include not engaging in inter-State supplies, not using e-commerce platforms for tax collection, and not supplying certain specified goods. Registered persons must issue a bill of supply instead of a tax invoice and cannot collect tax from recipients. The notification excludes certain exempt services from turnover calculations.
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