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of <h1>Jammu and Kashmir GST Rules Amendment: Monetary Threshold Reduced from 20 Crore to 10 Crore Effective October 1, 2022.</h1> The Government of Jammu and Kashmir issued an amendment to Notification No. S.O. 39 dated January 29, 2020, as amended by S.O. 89 dated March 10, 2022, under the Jammu and Kashmir Goods and Services Tax Rules, 2017. Effective October 1, 2022, the amendment changes the monetary threshold from 'twenty crore rupees' to 'ten crore rupees' in the specified notification. This change was made based on the recommendations of the Council and is authorized by the Financial Commissioner of the Finance Department.
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