GST threshold reduction lowers turnover limit for registration, amending a prior notification and coming into effect soon. The Government of Goa, under the relevant sub rule of the Goa Goods and Services Tax Rules, amends Notification No. 38/1/2017-Fin(R&C)(133) dated 30 March 2020 by substituting the turnover limit of ten crore rupees with five crore rupees, with effect from 1 August 2023, as issued by the Department of Finance, Revenue & Control Division.
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GST threshold reduction lowers turnover limit for registration, amending a prior notification and coming into effect soon.
The Government of Goa, under the relevant sub rule of the Goa Goods and Services Tax Rules, amends Notification No. 38/1/2017-Fin(R&C)(133) dated 30 March 2020 by substituting the turnover limit of ten crore rupees with five crore rupees, with effect from 1 August 2023, as issued by the Department of Finance, Revenue & Control Division.
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