Finance minister Arun Jaitley said that the GST council has approved composition scheme for services sector. In a boost to small businesses, GST Council has also doubled the annual turnover exemption limit for the composition scheme. For north eastern states, exemption limit is hiked to Rs 20 lakh from Rs 10 lakh where as for rest of the country, exemption limit is hiked to Rs 40 lakh from Rs 20 lakh.