New Delhi: Small businesses and dealers will not be impacted by the new government rule of paying at least 1 per cent of GST liability in cash as only entities with annual turnover of Rs 6 crore and above are required to follow the new rule, Finance Ministry sources said. After unearthing rampant use of fake invoices to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) had last week amended rules to make it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in …
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