Govt. retains Rs. 60 Mn VAT threshold, drops planned reduction (opens original article in a new tab)

The government has decided to keep the Rs. 60 million annual turnover threshold for VAT and SSCL, reversing a planned reduction to Rs. 36 million. Businesses above Rs. 36 million would have been required to register under the previous proposal, but now only those exceeding Rs. 60 million will be liable for mandatory registration.

• Government retains Rs. 60 million VAT threshold instead of reducing it to Rs. 36 million
• Businesses above Rs. 36 million would have been required to register for VAT and SSCL under previous proposal
• Only entities exceeding Rs. 60 million will be liable for mandatory VAT and SSCL registration