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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.
99 per centB2C-only taxpayers with turnover up to ₹5 crore · of Taxpayers reporting only B2C supplies
Reported figures
From the report. Source details below
| 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 |