Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Assam GST Act: 3% Tax Option for Small Businesses with Turnover up to Rs. 50 Lakhs; Conditions Apply.</h1> The Government of Assam, under the Assam Goods and Services Tax Act, 2017, has issued a notification effective from April 1, 2019, concerning state tax on intra-state supplies of goods or services. Registered individuals with an aggregate turnover of up to fifty lakh rupees in the preceding financial year can opt for a 3% tax rate, subject to specific conditions. These include not engaging in inter-state supplies, not using e-commerce platforms that collect tax at source, and not supplying certain goods like ice cream and tobacco. Eligible individuals cannot collect tax from recipients and must issue a bill of supply instead of a tax invoice.