Threshold reduction for GST composition eligibility lowers turnover requirement, changing eligible taxpayers and compliance obligations. The Government of Gujarat amends Notification No. 13/2020 State Tax by substituting the words 'ten crore rupees' with 'five crore rupees' in the first paragraph under sub rule (4) of rule 48 of the Gujarat GST Rules, 2017, thereby lowering the turnover threshold under that provision; the substitution is effective from 1st August, 2023.
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Provisions expressly mentioned in the judgment/order text.
Threshold reduction for GST composition eligibility lowers turnover requirement, changing eligible taxpayers and compliance obligations.
The Government of Gujarat amends Notification No. 13/2020 State Tax by substituting the words "ten crore rupees" with "five crore rupees" in the first paragraph under sub rule (4) of rule 48 of the Gujarat GST Rules, 2017, thereby lowering the turnover threshold under that provision; the substitution is effective from 1st August, 2023.
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