GST turnover threshold revised, reducing the eligible limit for state GST compliance and composition with effect from April first. Amends a state GST notification to substitute a lower turnover threshold in the first paragraph of the cited notification, with effect from 1 April 2022, thereby changing the monetary limit that determines eligibility and compliance scope under the state Goods and Services Tax Rules based on recommendations of the GST Council.
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GST turnover threshold revised, reducing the eligible limit for state GST compliance and composition with effect from April first.
Amends a state GST notification to substitute a lower turnover threshold in the first paragraph of the cited notification, with effect from 1 April 2022, thereby changing the monetary limit that determines eligibility and compliance scope under the state Goods and Services Tax Rules based on recommendations of the GST Council.
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