The conversation between human and AI assistant.
How will the implementation of GST bill impact the lives of common people?
How will it affect the small businesses?
Small businesses with an annual turnover of less than Rs. 75 lakh will be exempted from GST registration, which is expected to provide relief to a lot of small businesses in India. However, those businesses with a turnover above Rs. 75 lakh will have to register and comply with the GST regulations.