GST threshold reduction for state registration narrows applicability, altering turnover criterion for taxpayer registration and compliance. Under sub-rule(4) of rule 48 of the Himachal Pradesh Goods and Services Tax Rules, 2017, Notification No. 13/2020 State Tax is amended: in the first paragraph, with effect from the 1st day of April, 2022, the words 'fifty crore rupess' are substituted by the words 'twenty crore rupees', effecting a reduction in the turnover threshold governing the notification's applicability.
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GST threshold reduction for state registration narrows applicability, altering turnover criterion for taxpayer registration and compliance.
Under sub-rule(4) of rule 48 of the Himachal Pradesh Goods and Services Tax Rules, 2017, Notification No. 13/2020 State Tax is amended: in the first paragraph, with effect from the 1st day of April, 2022, the words "fifty crore rupess" are substituted by the words "twenty crore rupees", effecting a reduction in the turnover threshold governing the notification's applicability.
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