Small biz pays the price for ambiguity over GST norm

Enhanced threshold limit for registration under Goods and Services Tax (GTS) to Rs 40 lakh from Rs 20 lakh to provide relief to small local business has led to ambiguity hitting return filings as dealers into supply services are excluded from the benefit.  The amended threshold limit that comes into effect from new financial year starting April 1 is applicable only for sales of goods. For ser…