12 Jul CBIC Lowers Reporting Threshold for B2C Inter-State Supplies to Rs. 1 Lakh
CBIC reduces the threshold for reporting B2C inter-state supplies in Table 5 of FORM GSTR-1 from Rs. 2.5 Lakh to Rs. 1 Lakh. Effective August 01, 2024, registered taxpayers must report invoice-wise details for transactions above Rs. 1 Lakh....