Thiruvananthapuram, March 14 -- The Kerala State Goods and Services Tax (SGST) Department has issued a detailed advisory to GST-registered traders and businesses ahead of the 2026-27 financial year, highlighting several key compliance requirements. These include the March 31 deadline for opting into the Composition Scheme, mandatory e-invoicing for businesses with aggregate turnover above Rs5 crore, the option to enrol in the QRMP quarterly return scheme, submission of LUT for exporters, tax options for Goods Transport Agencies, and revised GST provisions applicable to hotel and restaurant services.
According to the department, eligible taxpayers who wish to newly opt for the Composition Scheme for the 2026-27 financial year must submit th...