GST threshold reduction lowers the turnover limit for state registration and compliance, effective from the specified commencement date. The Government of Nagaland amends the earlier Finance Department notification under sub rule (4) of rule 48 of the Nagaland GST Rules, 2017 by substituting the words 'fifty crore rupees' with 'twenty crore rupees' in the first paragraph of that notification, effective from 1 April 2022, thereby lowering the turnover limit specified for GST applicability under the state's notification.
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GST threshold reduction lowers the turnover limit for state registration and compliance, effective from the specified commencement date.
The Government of Nagaland amends the earlier Finance Department notification under sub rule (4) of rule 48 of the Nagaland GST Rules, 2017 by substituting the words "fifty crore rupees" with "twenty crore rupees" in the first paragraph of that notification, effective from 1 April 2022, thereby lowering the turnover limit specified for GST applicability under the state's notification.
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