Turnover threshold for GST registration reduced, narrowing eligibility and compliance obligations effective from August first. The Government, under sub-rule (4) of rule 48 of the Tripura State Goods and Services Tax Rules, 2017 and on the Council's recommendation, amends Notification No. F.1-11(91)-TAX/GST/2020(Part-II) to substitute the previously prescribed turnover amount in its first paragraph with a lower turnover amount, effective from 1 August 2023, thereby changing the turnover-based benchmark for SGST applicability and compliance.
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Turnover threshold for GST registration reduced, narrowing eligibility and compliance obligations effective from August first.
The Government, under sub-rule (4) of rule 48 of the Tripura State Goods and Services Tax Rules, 2017 and on the Council's recommendation, amends Notification No. F.1-11(91)-TAX/GST/2020(Part-II) to substitute the previously prescribed turnover amount in its first paragraph with a lower turnover amount, effective from 1 August 2023, thereby changing the turnover-based benchmark for SGST applicability and compliance.
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