GST threshold change expands eligibility to Special Economic Zone units and raises turnover limit with retrospective effect. The notification inserts a Special Economic Zone unit into the specified category and substitutes the prior turnover benchmark with a higher benchmark, expanding coverage; the amendment is issued under the empowered rule on the Council's recommendation and is declared to have retrospective effect from 30th July, 2020.
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Provisions expressly mentioned in the judgment/order text.
GST threshold change expands eligibility to Special Economic Zone units and raises turnover limit with retrospective effect.
The notification inserts a Special Economic Zone unit into the specified category and substitutes the prior turnover benchmark with a higher benchmark, expanding coverage; the amendment is issued under the empowered rule on the Council's recommendation and is declared to have retrospective effect from 30th July, 2020.
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