Over 2 lakh assessees have opted out of the Goods and Services Tax (GST) registration as their turnover is below the prescribed threshold. This will benefit both the taxpayers and the GST Network, the IT back-bone of the new indirect tax regime.

 

Tanushree Roy, Director- GST shares her views on aforementioned story for Hindu Business Line.

Over 2 lakh assessees who migrated from VAT regime opt out of GST net - Tanushree Roy