Threshold reduction for State GST registration lowers turnover requirement and broadens compliance obligations for more taxpayers. The notification substitutes the prior monetary threshold of twenty crore rupees with ten crore rupees in the first paragraph of Notification No. 13/2020 - State Tax, under the authority of sub rule (4) of rule 48 of the State Goods and Services Tax Rules, effective from 1 October 2022, thereby lowering the turnover benchmark that determines the notification's application.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Threshold reduction for State GST registration lowers turnover requirement and broadens compliance obligations for more taxpayers.
The notification substitutes the prior monetary threshold of twenty crore rupees with ten crore rupees in the first paragraph of Notification No. 13/2020 - State Tax, under the authority of sub rule (4) of rule 48 of the State Goods and Services Tax Rules, effective from 1 October 2022, thereby lowering the turnover benchmark that determines the notification's application.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
