Threshold reduction under Rule 48 lowers the specified turnover limit for state tax applicability, effective from notified date. The notification amends the principal State tax notification by substituting, with effect from the first day of October, 2022, the words 'twenty crore rupees' with the words 'ten crore rupees' in the first paragraph, thereby changing the monetary turnover threshold specified in Notification No. 13/2020 - State Tax dated 31st March, 2021.
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Threshold reduction under Rule 48 lowers the specified turnover limit for state tax applicability, effective from notified date.
The notification amends the principal State tax notification by substituting, with effect from the first day of October, 2022, the words "twenty crore rupees" with the words "ten crore rupees" in the first paragraph, thereby changing the monetary turnover threshold specified in Notification No. 13/2020 - State Tax dated 31st March, 2021.
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