Threshold reduction under Punjab GST changes the turnover eligibility criterion, altering applicability under rule 48. Amendment to a Punjab GST notification substitutes the previously specified higher turnover threshold with a lower threshold in the first paragraph of the earlier notification, effective from the commencement date stated, thereby altering the applicability criterion under sub rule (4) of rule 48 of the Punjab Goods and Services Tax Rules as recommended by the Council and enacted by the Governor.
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Threshold reduction under Punjab GST changes the turnover eligibility criterion, altering applicability under rule 48.
Amendment to a Punjab GST notification substitutes the previously specified higher turnover threshold with a lower threshold in the first paragraph of the earlier notification, effective from the commencement date stated, thereby altering the applicability criterion under sub rule (4) of rule 48 of the Punjab Goods and Services Tax Rules as recommended by the Council and enacted by the Governor.
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