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Big relief for traders; Do not have to file returns for Rs. 1.5 crore every month

Fri, Oct 06, 2017, 07:08 PM
In a big relief for small traders, government has announced that for a turnover of Rs. 1.5 crore, traders need not file returns every month. They can do so only for every quarterly, or once in three months. This is great news for businessmen in the small sector. Also, the government has announced that for purchases of Rs. 50,000 and above, there is not need for displaying pan number. Only for purchases above Rs. 2 lakhs in cash, you should display your pan card number.
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