Turnover threshold reduction under GST narrows eligibility for composition scheme, lowering the prior limit effective January. The notification amends Notification No. 13/2020-State Tax by substituting the prior higher turnover threshold phrase with a lower turnover threshold phrase, effective from the first day of January following publication; the amendment is made under the power conferred by the GST Rules on the recommendations of the Council and does not amend other provisions of the original notification.
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Turnover threshold reduction under GST narrows eligibility for composition scheme, lowering the prior limit effective January.
The notification amends Notification No. 13/2020-State Tax by substituting the prior higher turnover threshold phrase with a lower turnover threshold phrase, effective from the first day of January following publication; the amendment is made under the power conferred by the GST Rules on the recommendations of the Council and does not amend other provisions of the original notification.
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