https://www.taxtmi.com/news?id=20689 GST provides MSMEs with threshold exemptions from registration, an optional Composition Levy for small taxpayers (fixed low percentage of turnover with quarterly returns and no input credit), optional quarterly return filing with monthly tax payment for small taxpayers, reduced invoicing requirements (HSN disclosure by turnover slabs), exemption from compulsory audit below notified turnover, and operational E-Way Bill procedures for goods movement; recent amendments raise composition limits, restrict reverse charge scope, and introduce additional trade facilitation measures. en-us Wed, 31 Oct 2018 18:13:57 +0530 Wed, 11 Feb 2026 15:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20689 GST provides MSMEs with threshold exemptions from registration, an optional Composition Levy for small taxpayers (fixed low percentage of turnover with quarterly returns and no input credit), optional quarterly return filing with monthly tax payment for small taxpayers, reduced invoicing requirements (HSN disclosure by turnover slabs), exemption from compulsory audit below notified turnover, and operational E-Way Bill procedures for goods movement; recent amendments raise composition limits, restrict reverse charge scope, and introduce additional trade facilitation measures. News - Wed, 31 Oct 2018 18:13:57 +0530 https://www.taxtmi.com/news?id=20689