Turnover threshold for GST composition reduced, narrowing applicability and altering taxpayer eligibility from the stated effective date. The amendment modifies the first paragraph of the earlier state commercial taxes notification by substituting the previously stated higher turnover threshold with a lower turnover threshold, narrowing the class of taxpayers to which that notification applies; the substitution is made under the state SGST rule empowering amendments on the Council's recommendation and takes effect from the specified effective date.
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Turnover threshold for GST composition reduced, narrowing applicability and altering taxpayer eligibility from the stated effective date.
The amendment modifies the first paragraph of the earlier state commercial taxes notification by substituting the previously stated higher turnover threshold with a lower turnover threshold, narrowing the class of taxpayers to which that notification applies; the substitution is made under the state SGST rule empowering amendments on the Council's recommendation and takes effect from the specified effective date.
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