Small biz may get GST compliance relief

Exemption from mandatory goods and services tax (GST) registration that is currently available for small enterprises with annual revenue of up to ₹40 lakh may soon extend to their sales on online platforms as well, two people aware of the matter said. Currently, the turnover threshold for GST registration is ₹40 lakh for goods and ₹20 lakh for services. However, registration is mand…