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of <h1>Karnataka amends GST Rules: Expands criteria for financial years and includes exports u/r 48, sub-rule (4).</h1> The Government of Karnataka has issued an amendment to Notification No. 07/2020, originally dated March 27, 2020, concerning the Karnataka Goods and Services Tax Rules, 2017. The amendment modifies the wording in the notification, replacing 'a financial year' with 'any preceding financial year from 2017-18 onwards' and adding 'or for exports' after 'goods or services or both to a registered person.' This change is made under the authority of sub-rule (4) of rule 48 and is recommended by the Council. The amendment is officially ordered by the Under-Secretary to the Government, Finance Department.
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