The GoM, which Jaitley said will set up soon, will also examine if the Rs 1-crore turnover, which is the threshold for the composition scheme, should include revenue generated from the sale of exempted goods
There is a GST impact of almost 525 basis points that gets impacted on the company's sales, therefore the number might be a little lower that what a double digit would be
He said the action would be taken against the FBOs which failed to obtain license/registration before the time limit under the Food Safety and Standards Act, 2006.
After hearing his petition on Tuesday, Justice Ravi Malimath stayed the order and issued notices to the BBMP commissioner, the joint commissioner (south) and the health officer.