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GST Council backs annual-return, quarterly-payment option for B2C-only taxpayers with turnover up to ₹5 crore
The GST Council approved the optional scheme in-principle; about 16.66 lakh B2C-only taxpayers fall within the limit. It also recommended a ₹10,000 minimum threshold for show-cause notices and simpler registration for small e-commerce sellers.
The numbers
Figures from BL,
| Small businesses that could benefit from notice waiver: | up to 12 lakh |
|---|---|
| Monthly ITC cap for simplified ECO registration: | ₹2.5 lakh |
| Taxpayers reporting only B2C supplies: | 16.85 lakh |
| Share of B2C-only taxpayers under ₹5 crore: | 99 per cent |
Why it matters to operators and investors
If the in-principle scheme is notified, B2C-only retailers with turnover up to ₹5 crore (16.66 lakh of 16.85 lakh such filers, 99%) could file one annual return and pay tax quarterly, and the ₹10,000 minimum for show-cause notices would also cut notice risk, but with no implementation date yet, keep current filing routines.
The source
First seen