Threshold revision increases specified turnover limits, altering composition scheme eligibility and registration applicability across taxpayers. The State Government, under section 10(1) of the Nagaland GST Act, 2017, amends the cited Finance Department notification by substituting the words 'seventy-five lakh rupees' with 'one crore rupees' and replacing the words 'fifty lakh rupees' with 'seventy-five lakh rupees', thereby altering the turnover thresholds specified in the earlier notification.
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Threshold revision increases specified turnover limits, altering composition scheme eligibility and registration applicability across taxpayers.
The State Government, under section 10(1) of the Nagaland GST Act, 2017, amends the cited Finance Department notification by substituting the words "seventy-five lakh rupees" with "one crore rupees" and replacing the words "fifty lakh rupees" with "seventy-five lakh rupees", thereby altering the turnover thresholds specified in the earlier notification.
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