GST threshold reduction lowers the turnover limit in Jharkhand, altering applicability and providing retrospective effect. Amendment substitutes the words 'ten crore rupees' with 'five crore rupees' in Notification No. 13/2020 - State Tax, altering the turnover threshold that determines the notification's applicability; the substitution is to take effect from 1st August, 2023, and the notification is declared to be deemed effective from 10th May, 2023, issued under sub rule (4) of rule 48 of the Jharkhand GST Rules, 2017.
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GST threshold reduction lowers the turnover limit in Jharkhand, altering applicability and providing retrospective effect.
Amendment substitutes the words "ten crore rupees" with "five crore rupees" in Notification No. 13/2020 - State Tax, altering the turnover threshold that determines the notification's applicability; the substitution is to take effect from 1st August, 2023, and the notification is declared to be deemed effective from 10th May, 2023, issued under sub rule (4) of rule 48 of the Jharkhand GST Rules, 2017.
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