Composition threshold reduction under Punjab GST: lower turnover limit substituted for prior threshold, effective from April commencement. The notification substitutes the previously stated turnover wording in the first paragraph of the earlier Punjab Government notification with a lower turnover expression, thereby reducing the turnover threshold that determines eligibility under the applicable Punjab Goods and Services Tax Rules. The amendment is made under powers conferred by the Punjab GST Rules and is deemed to have come into force with effect from the first day of April of the stated year.
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Composition threshold reduction under Punjab GST: lower turnover limit substituted for prior threshold, effective from April commencement.
The notification substitutes the previously stated turnover wording in the first paragraph of the earlier Punjab Government notification with a lower turnover expression, thereby reducing the turnover threshold that determines eligibility under the applicable Punjab Goods and Services Tax Rules. The amendment is made under powers conferred by the Punjab GST Rules and is deemed to have come into force with effect from the first day of April of the stated year.
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