Threshold reduction for GST registration lowers the turnover limit, expanding applicability and increasing compliance obligations next fiscal year. Amendment under sub-rule (4) of rule 48 of the Tamil Nadu Goods and Services Tax Rules, 2017, effective 1 April 2021, substitutes the phrase 'one hundred crore rupees' with 'fifty crore rupees' in the first paragraph of the earlier notification, thereby lowering the turnover threshold that determines applicability under that notification.
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Provisions expressly mentioned in the judgment/order text.
Threshold reduction for GST registration lowers the turnover limit, expanding applicability and increasing compliance obligations next fiscal year.
Amendment under sub-rule (4) of rule 48 of the Tamil Nadu Goods and Services Tax Rules, 2017, effective 1 April 2021, substitutes the phrase "one hundred crore rupees" with "fifty crore rupees" in the first paragraph of the earlier notification, thereby lowering the turnover threshold that determines applicability under that notification.
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