GST threshold reduction under rule 48 increases applicability by replacing the higher turnover benchmark with a lower one effective October. Under the authority of subrule (4) of rule 48 of the Goa Goods and Services Tax Rules, 2017, the Government of Goa substitutes, effective 1 October 2022, the words 'twenty crore rupees' with the words 'ten crore rupees' in the first paragraph of the notification dated 30 March 2020, thereby changing the specified turnover threshold in that notification.
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Provisions expressly mentioned in the judgment/order text.
GST threshold reduction under rule 48 increases applicability by replacing the higher turnover benchmark with a lower one effective October.
Under the authority of subrule (4) of rule 48 of the Goa Goods and Services Tax Rules, 2017, the Government of Goa substitutes, effective 1 October 2022, the words "twenty crore rupees" with the words "ten crore rupees" in the first paragraph of the notification dated 30 March 2020, thereby changing the specified turnover threshold in that notification.
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