GST threshold change reduces turnover requirement, altering eligibility and compliance for affected taxpayers. Under sub-rule (4) of rule 48 of the Tamil Nadu GST Rules, 2017, the state notification amends an earlier departmental notification to substitute the words 'five hundred crore rupees' with the words 'one hundred crore rupees' in its first paragraph, effective from the 1st day of January, 2021, thereby lowering the turnover threshold specified in the notification.
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Provisions expressly mentioned in the judgment/order text.
GST threshold change reduces turnover requirement, altering eligibility and compliance for affected taxpayers.
Under sub-rule (4) of rule 48 of the Tamil Nadu GST Rules, 2017, the state notification amends an earlier departmental notification to substitute the words "five hundred crore rupees" with the words "one hundred crore rupees" in its first paragraph, effective from the 1st day of January, 2021, thereby lowering the turnover threshold specified in the notification.
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