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of <h1>Karnataka Updates GST Rules: SEZ Units Included, Financial Threshold Raised from 100 Crore to 500 Crore Rupees.</h1> The Government of Karnataka has issued Notification (29/2020) to amend Notification No. (07/2020) dated March 27, 2020, under the Karnataka Goods and Services Tax Rules, 2017. The amendments include the insertion of the phrase 'a Special Economic Zone unit and' before specific references in the notification's first paragraph. Additionally, the financial threshold mentioned in the notification is revised from 'one hundred crore rupees' to 'five hundred crore rupees.' These changes are made following the recommendations of the Council and are authorized by the Governor of Karnataka.
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