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GST threshold reduction alters turnover limit for registration, lowering the taxable turnover requirement effective from October. Amendment substitutes the previously stated higher turnover limit with a lower turnover limit under the Assam Goods and Services Tax framework pursuant to sub rule (4) of rule 48 of the Assam GST Act, 2017; the substitution is effective from 1 October 2022 and the amendment is deemed issued on 1 August 2022 by notification amending Notification No. FTX.56/2017/Pt-II/545-ST dated 22 May 2020.
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GST threshold reduction alters turnover limit for registration, lowering the taxable turnover requirement effective from October.
Amendment substitutes the previously stated higher turnover limit with a lower turnover limit under the Assam Goods and Services Tax framework pursuant to sub rule (4) of rule 48 of the Assam GST Act, 2017; the substitution is effective from 1 October 2022 and the amendment is deemed issued on 1 August 2022 by notification amending Notification No. FTX.56/2017/Pt-II/545-ST dated 22 May 2020.
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