Consensus builds up for ₹40 lakh sales threshold for GST registration in all states

All states, barring hill states, are moving towards a uniform sales threshold of ₹40 lakh for businesses to register for goods and services tax (GST) despite the federal indirect tax body, the GST Council, giving them the choice to retain the current limit of ₹20 lakh. Kerala, which was so far insisting on GST registration for traders and businesses with ₹20 lakh or more in annual s…